Quality Systems (QSII) : Traders are increasing their bearish positions on the stock, as is visible by the 2.8% jump in the outstanding short positions; a total addition of 78,139 shares on the sell side. On Jul 29, 2016, the total short positions were 2,802,894 shares, which went up to 2,881,033 shares by the close of trading on August 15, 2016. It will take 9 days for the bears to roll over or cover. An average of 334,178 shares exchange hands daily. 6.4% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.
Quality Systems (NASDAQ:QSII): The stock opened at $11.73 on Wednesday but the bulls could not build on the opening and the stock topped out at $11.93 for the day. The stock traded down to $11.60 during the day, due to lack of any buying support eventually closed down at $11.62 with a loss of -1.36% for the day. The stock had closed at $11.78 on the previous day. The total traded volume was 251,999 shares.
In a related news, Arnold James Robert Jr., CFO of Quality Systems, Inc, executed a transaction worth $99,766 on June 14, 2016. A total of 8,300 shares were purchased at an average price of $12.02. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Quality Systems, Inc. is engaged in developing and marketing healthcare information systems that automate certain aspects of medical and dental practices, networks of practices such as physician hospital organizations (PHOs) and management service organizations (MSOs), accountable care organizations, ambulatory care centers, community health centers and medical and dental schools along with systems implementation, maintenance and support and add-on complementary services, such as revenue cycle management (RCM) and electronic data interchange (EDI). The Company operates in four segments: QSI Dental Division, NextGen Division, Hospital Solutions Division and RCM Services Division. The QSI Dental Division, NextGen Division and Hospital Solutions Division develop and market software that is designed to automate and streamline a number of the administrative functions required for operating a medical, dental, or hospital practice, such as patient scheduling and billing.