Short Interest Update on Global Payments (GPN)

Global Payments (GPN) : The bears are holding on to their shorts in Accenture Plc with 2 more days remaining for them to cover their positions. The bearish positions have increased from 2,986,193 on Jul 29, 2016, to 3,373,809, on August 15, 2016. Daily, 1,425,596 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 387,616 shares, which is an increase of just 13%. The total short interest of 2.2% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.

Global Payments (NYSE:GPN): The stock opened at $76.09 on Wednesday but the bulls could not build on the opening and the stock topped out at $76.57 for the day. The stock traded down to $75.20 during the day, due to lack of any buying support eventually closed down at $75.50 with a loss of -0.98% for the day. The stock had closed at $76.25 on the previous day. The total traded volume was 793,110 shares.


In a related news, The Securities and Exchange Commission has divulged that Jacobs William I, director of Global Payments Inc, had unloaded 600 shares at an average price of $74.76 in a transaction dated on August 15, 2016. The total value of the transaction was worth $44,856.

Global Payments Inc. is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates in two segments: North America merchant services and International merchant services. The Companys North America merchant services and International merchant services segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services. The Companys North America merchant services and International merchant services segments target customers in various industries, including financial services, gaming, government, healthcare, professional services, restaurants, retail, universities, not-for-profit organizations and utilities. The Company performs a series of services, including authorization, electronic draft capture, file transfers to facilitate funds settlement and certain exception-based, back office support services, such as chargeback and retrieval resolution.

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