Genpact Limited (G) : Traders are negative on Genpact Limited (G), as it has 2.4% of short positions outstanding compared to its float. The total shorts have reduced by -822,107 shares, which is a -19.5% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,4,216,840 to 3,394,733 shares. While the daily trading volume of the stock is 1,812,563, there are 2 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.
Genpact Limited (NYSE:G): The stock opened at $24.00 on Wednesday but the bulls could not build on the opening and the stock topped out at $24.14 for the day. The stock traded down to $23.87 during the day, due to lack of any buying support eventually closed down at $23.92 with a loss of -0.29% for the day. The stock had closed at $23.99 on the previous day. The total traded volume was 1,152,725 shares.
In a related news, Guaglianone Victor, officer (SVP & General Counsel) of Genpact Ltd, unloaded 9,403 shares at an average price of $26.83 on July 15, 2016. The total amount of the transaction was worth $252,282, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Genpact Limited (Genpact) designs, transforms and runs intelligent business operations. The Companys smart enterprise processes (SEPSM) framework helps companies reimagine how they operate by integrating effective Systems of Engagement, core information technology (IT) and Data-to-Action Analytics. The Company offers various services, which include banking and financial services, insurance services, capital markets, consumer product goods services, life sciences and pharmaceutical services, infrastructure and manufacturing services, healthcare and high tech services. In addition to these services, it also offers finance and accounting (F&A) services, analytics and research, business consulting services, enterprise risk consulting, re-engineering, supply chain and procurement services, enterprise application services, IT management services and collections and customer services. Its solutions include Smart Enterprise Processes (SEP) and Genpact Digital.