ACI Worldwide (ACIW) : The short interest in ACI Worldwide (ACIW) has increased from 5,128,377 to 5,565,840 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 437,165 shares are traded daily in the stock and only 13 days are left for the shorts to cover. The short open interest is 4.9% of the total shares in the hands of the public. The shorts in the stock have gone up by 437,463 shares, which is an increase of 8.5% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
ACI Worldwide (NASDAQ:ACIW): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.44 and $17.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.55, notching a gain of 0.22% for the day. The total traded volume was 349,022 . The stock had closed at $18.51 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Warsop Thomas W Iii, director of Aci Worldwide, Inc., had unloaded 4,500 shares at an average price of $20.83 in a transaction dated on June 15, 2016. The total value of the transaction was worth $93,735.
ACI Worldwide, Inc. develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Companys suite of software products and hosted services deliver a range of solutions for payments processing, card and merchant management, electronic bill presentment and payment (EBPP), online banking, mobile, branch and voice banking, fraud detection and trade finance. The Companys services include implementation services, product support services, technical services, education services, testing services, expert services consultancy and facilities management services. It offers various solutions, including its retail and wholesale payment engines, risk management, biller, retailers and online banking products. It caters to financial institutions, including global, national, regional, and community banks and credit unions; processors; retailers, and billers.