Time (TIME) : The bears are holding on to their shorts in Accenture Plc with 5 more days remaining for them to cover their positions. The bearish positions have increased from 6,352,972 on Jul 29, 2016, to 6,450,796, on August 15, 2016. Daily, 1,246,886 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 97,824 shares, which is an increase of just 1.5%. The total short interest of 6.4% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.
Time (NYSE:TIME): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.31 and $14.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.35, notching a gain of 0.63% for the day. The total traded volume was 751,066 . The stock had closed at $14.26 on the previous day.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Time Inc., Bell David Arthur had purchased shares worth of $75,300 in a transaction dated on May 9, 2016. A total of 5,000 shares were purchased at a price of $15.06 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
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