Convergys Corporation June 15th Short Interest Update

Convergys Corporation (NYSE:CVG), A drop of 278,955 shares or 4.7% was seen in the short interest of Convergys. Even as the interest dropped from 5,968,224 shares on May 31,2016 to 5,689,269 shares on June 15,2016, the days to cover came in at 12. The updated interest stood at 6% of the stocks floats. The stock has seen an average daily volume of 467,053 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Convergys Corporation (NYSE:CVG): The stock opened at $25.13 on Friday but the bulls could not build on the opening and the stock topped out at $25.49 for the day. The stock traded down to $24.82 during the day, due to lack of any buying support eventually closed down at $25.02 with a loss of -4.50% for the day. The stock had closed at $26.20 on the previous day. The total traded volume was 2,663,275 shares.

The company shares have dropped -2.49% from its 1 Year high price. On Jun 6, 2016, the shares registered one year high at $28.54 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $27.28 and the 200 Day Moving Average price is recorded at $25.97.

Convergys Corporation (NYSE:CVG) has tumbled 3.81% during the past week and has dropped 11.09% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.21%. Convergys Corporation (NYSE:CVG) has underperformed the index by 8.4% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Convergys Corporation (Convergys) provides customer management services. The Company serves brands in industries, such as communications and media, technology, financial services, retail and healthcare. The Company invests in a combination of global quality delivery, comprehensive solutions and close client engagement. The Company invests in solutions consisting of services, technology and analytics that support the life-cycle of contact types, including service, sales, retention and collections. Its analytics and consulting solutions are post-contact surveys, relational loyalty research, segmentation and profiling, repeat call analysis, agent path analysis, customer interaction assessment, chat optimization and integrated contact center analytics.

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