Manhattan Associates (MANH) : 7 days before expiry, shorts in Manhattan Associates (MANH) have reduced from 3,906,980 on Jul 29, 2016, to 3,883,855 on August 15, 2016. On an average, 547,371 shares are traded on the exchange. The outstanding bearish positions are equal to 5.5% of the float. Short sellers have covered -23,125 shares, a reduction of -0.6%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Manhattan Associates (NASDAQ:MANH): The stock opened at $60.49 on Wednesday but the bulls could not build on the opening and the stock topped out at $60.49 for the day. The stock traded down to $59.50 during the day, due to lack of any buying support eventually closed down at $59.72 with a loss of -1.06% for the day. The stock had closed at $60.36 on the previous day. The total traded volume was 325,496 shares.
In a related news, The director, of Manhattan Associates Inc, Cassidy Brian J had unloaded 17,792 shares at $67 per share in a transaction on June 7, 2016. The total value of transaction was $1,192,064. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Manhattan Associates, Inc. (Manhattan) is a developer and provider of supply chain commerce solutions. The Company is engaged in developing, selling, deploying, servicing and maintaining software solutions designed to manage supply chains, inventory and Omni-channel operations for retailers, wholesalers, manufacturers, logistics providers and other organizations. The Companys solutions consist of software, services, and hardware, which coordinate people, workflows, assets, events, and tasks across the functions linked in a supply chain. It offers its solutions in three areas: supply chain, Omni-channel and inventory. Its solutions enable coordinating the actions, data exchange, and communication of participants in supply chain ecosystems, such as manufacturers, suppliers, distributors, trading partners, transportation providers, channels (such as catalogers, store retailers, and Web outlets), and consumers. It has operations in North America, Europe, and the Asia/Pacific region.