Short Interest Update on Open Text Corporation (OTEX)

Open Text Corporation (OTEX) : Traders are getting increasingly bearish on Open Text Corporation (OTEX), as can be seen in the addition of short positions from 3,662,919 on Jul 29, 2016, to 4,006,021 on August 15, 2016. The net change in shorts is 343,102 shares, an increase of 9.4%. 22 days remain before the expiry. The 3.4% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 183,890. The short interest information was released on Wednesday Aug 24th after the market close.

Open Text Corporation (NASDAQ:OTEX): The stock opened at $62.73 on Wednesday but the bulls could not build on the opening and the stock topped out at $62.73 for the day. The stock traded down to $61.80 during the day, due to lack of any buying support eventually closed down at $62.02 with a loss of -1.35% for the day. The stock had closed at $62.87 on the previous day. The total traded volume was 96,586 shares.


Open Text Corporation is a Canada-based company operating in enterprise information market (EIM). The Company provides software products and services to organizations in finding, utilizing and sharing business information. The Companys products and services include enterprise content management (ECM), business process management (BPM), customer experience management (CEM), information exchange (iX), discovery, and analytics and reporting. Its ECM solutions include content management, archiving and core, among others. Its BPM solutions include process suite platform, capture and recognition systems, and process suite solutions. Its CEM solutions include Web content management, digital asset management and portal. Its iX solutions include business-to-business (B2B) integration, fax solutions and secure messaging. Its discovery solutions include search and InfoFusion. Its analytics and reporting solutions include embedded analytics and reporting, and advanced analytics.

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