Automatic Data Processing (NASDAQ:ADP) reported a rise of 5.3% or 229,739 shares in its short interest. The short figure came in at 1% of the total floats. The average daily volume of 1,875,588 shares suggests that the days to cover 4,536,845 short positions, as on June 15,2016, will be 2. On May 31,2016, the short interest was 4,307,106 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Automatic Data Processing (NASDAQ:ADP): The stock opened at $86.23 on Friday but the bulls could not build on the opening and the stock topped out at $88.48 for the day. The stock traded down to $86.04 during the day, due to lack of any buying support eventually closed down at $86.72 with a loss of -3.58% for the day. The stock had closed at $89.94 on the previous day. The total traded volume was 4,044,490 shares.
The company shares have rallied 7.18% from its 1 Year high price. On Apr 19, 2016, the shares registered one year high at $91.00 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $87.30 and the 200 Day Moving Average price is recorded at $85.92.
Automatic Data Processing (NASDAQ:ADP) has tumbled 1.02% during the past week and has dropped 1.5% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 0.63% and the outperformance has advanced to 1.48% for the last 4 weeks period.
Automatic Data Processing, Inc. (ADP) is a provider of human capital management (HCM) solutions and business process outsourcing. The Company operates through two segments: Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers a range of business outsourcing and technology-enabled HCM solutions. These offerings include payroll services, benefits administration, recruiting and talent management, human resources management, insurance services, retirement services and payment and compliance solutions. The Companys PEO business, ADP TotalSource, offers small and mid-sized businesses human resources (HR) outsourcing solution through a co-employment model. ADP TotalSource includes HR management and employee benefits functions, including HR administration, employee benefits and employer liability management, into a single-source solution, including HR administration, employee benefits and employer liability management.