ManpowerGroup June 15th Short Interest Update

ManpowerGroup (NYSE:MAN), A increase of 527,506 shares or 20.6% was observed in the short interest of Manpowergroup The interest on June 15,2016 came in at 3,086,213 shares and as per the average daily trading of 606,686 shares, the days to cover are 5. The increased interest is 4.3% of the floated shares. The data of May 31,2016 put the interest at 2,558,707 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

ManpowerGroup (NYSE:MAN): The stock opened at $71.07 on Friday but the bulls could not build on the opening and the stock topped out at $72.53 for the day. The stock traded down to $65.17 during the day, due to lack of any buying support eventually closed down at $66.53 with a loss of -13.41% for the day. The stock had closed at $76.83 on the previous day. The total traded volume was 4,132,486 shares.

The company shares have dropped -25.16% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $96.87 and the one year low was seen on Jun 24, 2016. The 50-Day Moving Average price is $77.19 and the 200 Day Moving Average price is recorded at $78.49.

ManpowerGroup (NYSE:MAN) has tumbled 9.85% during the past week and has dropped 16.3% 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 8.36%. ManpowerGroup (NYSE:MAN) has underperformed the index by 13.77% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

ManpowerGroup Inc. is a Germany-based provider of workforce solutions and services. Its services include recruitment and assessment, career management, outsourcing, workforce consulting, and training and development, including training courses and leadership development solutions. The Company provides clients with outsourcing services related to human resources functions primarily in the areas of recruiting and workforce-intensive initiatives. It operates through various brands, including Manpower, Experis, Right Management, and ManpowerGroup Solutions, and is divided into five segments: Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), and Right Management. The Right Management segment focuses on outplacement services, career management consulting, leadership development and cooperates with students and universities.

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