Short Interest Update on Intuit (INTU)

Intuit (INTU) has 2,940,822 shares of shorts outstanding as on August 15, 2016, with 2 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 3,127,948 shares. The stock has a decent trading volume of 1,350,619 shares daily. The marginal decrease in the short positions is by -6%, which amounts to -187,126 shares. Short positions are 1.2% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.

Intuit (NASDAQ:INTU): The stock opened at $108.38 on Wednesday but the bulls could not build on the opening and the stock topped out at $110.33 for the day. The stock traded down to $108.00 during the day, due to lack of any buying support eventually closed down at $109.85 with a loss of -3.50% for the day. The stock had closed at $113.84 on the previous day. The total traded volume was 4,420,854 shares.


In a related news, Stansbury Henry Tayloe, Officer (Evp, Chief Technology Officer) of INTUIT INC, unloaded 2,787 shares at an average price of $103.86 on June 24, 2016. The total amount of the transaction was worth $289,458, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Intuit Inc. is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company operates through three segments: Small Business, Consumer Tax and Professional Tax. The Company operates in the United States, Canada, India, the United Kingdom, Singapore and Australia, among others. The Companys Small Business segment solutions include QuickBooks Online, Online Payroll solutions, Online Payments solutions and Intuit Developer Group. The Companys Small Business Desktop Ecosystem solutions include QuickBooks, Desktop Payroll Solutions, Desktop Payments solutions, QuickBooks Technical Support and financial supplies. The Consumer Tax segment offers tax return preparation offerings, electronic filing and other services, and Intuit Tax Freedom Project. The Companys professional tax offerings include Lacerte and ProSeries.

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