Total System Services (NYSE:TSS) has witnessed a drop of 14.5% or 465,534 shares in its short figure. The short interest diminution took it from 3,201,173 on May 31,2016 to 2,735,639 on June 15,2016. In terms of floated shares, the short interest was calculated to be 1.5%. The days to cover are 2 given that the daily volume averaged 1,283,249 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Total System Services (NYSE:TSS): The stock opened at $51.05 on Friday but the bulls could not build on the opening and the stock topped out at $52.01 for the day. The stock traded down to $50.36 during the day, due to lack of any buying support eventually closed down at $50.47 with a loss of -4.38% for the day. The stock had closed at $52.78 on the previous day. The total traded volume was 2,070,845 shares.
The company shares have rallied 20.89% from its 1 Year high price. On Dec 10, 2015, the shares registered one year high at $56.69 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $53.10 and the 200 Day Moving Average price is recorded at $48.43.
Total System Services (NYSE:TSS) has tumbled 3.68% during the past week and has dropped 6.36% 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 2.08%. Total System Services (NYSE:TSS) has underperformed the index by 3.53% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Total System Services, Inc. (TSYS) is a global payment solutions provider that provides services to financial and nonfinancial institutions. The Company also provides processing services, acquiring solutions, related systems and integrated support services to merchant acquirers and merchants. In addition, it provides general purpose reloadable (GPR) prepaid and payroll cards, and alternative financial service solutions to the underbanked and other consumers. Its operating segments include North America Services, Merchant Services, NetSpend and International Services. Through the Companys North America Services and International Services segments, TSYS processes information through its cardholder systems to financial and non-financial institutions. The Merchant Services segment includes electronic processing and other services provided to merchants and merchant acquirers. The NetSpend segment provides GPR prepaid debit and payroll cards and alternative financial service solutions.