Short Interest Update on Computer Sciences Corporation (CSC)

Computer Sciences Corporation (CSC) : The short interest in Computer Sciences Corporation (CSC) has increased from 6,010,458 to 6,503,686 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 1,405,269 shares are traded daily in the stock and only 5 days are left for the shorts to cover. The short open interest is 4.7% of the total shares in the hands of the public. The shorts in the stock have gone up by 493,228 shares, which is an increase of 8.2% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.

Computer Sciences Corporation (NYSE:CSC): The stock opened at $47.34 on Wednesday but the bulls could not build on the opening and the stock topped out at $47.35 for the day. The stock traded down to $46.46 during the day, due to lack of any buying support eventually closed down at $46.80 with a loss of -1.16% for the day. The stock had closed at $47.35 on the previous day. The total traded volume was 1,497,691 shares.


In a related news, The director officer (Chairman, President and CEO), of Computer Sciences Corp, Lawrie John M had unloaded 6,500 shares at $46.61 per share in a transaction on August 10, 2016. The total value of transaction was $302,965. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Computer Sciences Corporation (CSC) is a global provider of information technology (IT) and professional services and solutions. The Company operates through three segments: Global Business Services (GBS), which is a provider of various technology solutions, including consulting, applications services and software; Global Infrastructure Services (GIS), which provides solutions, such as managed and virtual desktop solutions, and data center management, and North American Public Sector (NPS), which delivers IT, mission and operations-related services. Its subsidiary, ServiceMesh Inc. (ServiceMesh), is a provider of enterprise cloud management software. ServiceMesh also provides various other services, such as tiered services levels, different levels of security, self-service options, governance, policy and real time monitoring. CSCs subsidiary, Fruition Partners, provides technology-enabled solutions for the service-management sector and provides support for ServiceNow-related software

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