Short Interest Update on Assurant (AIZ)

Assurant (AIZ) : Traders are negative on Assurant (AIZ), as it has 2.2% of short positions outstanding compared to its float. The total shorts have reduced by -201,582 shares, which is a -13% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,1,552,855 to 1,351,273 shares. While the daily trading volume of the stock is 341,934, there are 4 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

Assurant (NYSE:AIZ): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $86.84 and $86.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $87.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $86.84, notching a gain of 0.13% for the day. The total traded volume was 312,953 . The stock had closed at $86.73 on the previous day.


In a related news, The director, of Assurant Inc, Stein Robert W had unloaded 2,500 shares at $84.01 per share in a transaction on August 4, 2016. The total value of transaction was $210,025. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Assurant, Inc. (Assurant) is a provider of insurance products and related services, which operates in North America, Latin America, Europe and across the world. The Company operates in four segments: Assurant Solution, Assurant Specialty Property, Assurant Health and Assurant Employee Benefits. Assurant Solutions provides mobile device protection, debt protection administration, credit-related insurance, warranties and service contracts and pre-funded funeral insurance. Assurant Specialty Property provides lender-placed homeowners insurance, renters insurance and related products and manufactured housing homeowners insurance. Assurant Health provides individual health and small employer group health insurance. Assurant Employee Benefits primarily provides group dental insurance, group disability insurance and group life insurance.

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