Castlight Health (CSLT) : Traders are negative on Castlight Health (CSLT), as it has 13.2% of short positions outstanding compared to its float. The total shorts have reduced by -336,826 shares, which is a -8% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,4,228,867 to 3,892,041 shares. While the daily trading volume of the stock is 865,061, 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.
Castlight Health (NYSE:CSLT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.12 and $4.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.18, notching a gain of 0.48% for the day. The total traded volume was 394,582 . The stock had closed at $4.16 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Revenue Officer) of Castlight Health, Inc., Mccracken John had sold 5,594 shares worth of $23,103 in a transaction dated August 18, 2016. In this transaction, 5,594 shares were sold at $4.13 per share.
Castlight Health, Inc. is a provider of cloud-based software that enables enterprises to understand and manage health care spending as a business investment, and help employees and their families make medical decisions. The Companys Enterprise Healthcare Cloud provides information to its employees, implementing technology-enabled benefit designs and integrating systems and applications. The Company deploys consumer-oriented applications that deliver employee engagement and enable employers to integrate benefit programs into one platform available to employees and their families. The Companys Enterprise Healthcare Cloud offering transforms data into transparent and useful information. This data include external data, which it obtains from sources, such as health care providers, insurance companies, governmental agencies and quality-monitoring organizations, as well as internal data generated through the usage of its applications.