ManpowerGroup (MAN) has 2,165,911 shares of shorts outstanding as on August 15, 2016, with 3 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 2,378,069 shares. The stock has a decent trading volume of 710,047 shares daily. The marginal decrease in the short positions is by -8.9%, which amounts to -212,158 shares. Short positions are 3% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
ManpowerGroup (NYSE:MAN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $71.15 and $70.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $71.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $71.10, notching a gain of 0.28% for the day. The total traded volume was 506,922 . The stock had closed at $70.90 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Van Handel Michael J, officer (SEVP) of Manpowergroup Inc., had unloaded 57,348 shares at an average price of $70.13 in a transaction dated on August 11, 2016. The total value of the transaction was worth $4,021,815.
ManpowerGroup Inc. is a Germany-based provider of workforce solutions and services. Its services include recruitment and assessment, career management, outsourcing, workforce consulting, and training and development, including training courses and leadership development solutions. The Company provides clients with outsourcing services related to human resources functions primarily in the areas of recruiting and workforce-intensive initiatives. It operates through various brands, including Manpower, Experis, Right Management, and ManpowerGroup Solutions, and is divided into five segments: Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), and Right Management. The Right Management segment focuses on outplacement services, career management consulting, leadership development and cooperates with students and universities.