SS&C Technologies Holdings (SSNC) : Traders are getting increasingly bearish on SS&C Technologies Holdings (SSNC), as can be seen in the addition of short positions from 15,103,001 on Jul 29, 2016, to 15,228,163 on August 15, 2016. The net change in shorts is 125,162 shares, an increase of 0.8%. 14 days remain before the expiry. The 9% 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 1,053,887. The short interest information was released on Wednesday Aug 24th after the market close.
SS&C Technologies Holdings (NASDAQ:SSNC): The stock opened at $32.00 on Wednesday but the bulls could not build on the opening and the stock topped out at $32.10 for the day. The stock traded down to $30.78 during the day, due to lack of any buying support eventually closed down at $31.77 with a loss of -0.90% for the day. The stock had closed at $32.06 on the previous day. The total traded volume was 630,258 shares.
In a related news, The director officer (President and COO), of Ss&C Technologies Holdings Inc, Boulanger Normand A had unloaded 227,284 shares at $31.37 per share in a transaction on August 1, 2016. The total value of transaction was $7,129,899. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
SS&C Technologies Holdings, Inc. (SS&C Holdings) is a holding company, which provides software products and software-enabled services. The Company operates primarily through its subsidiary, SS&C Technologies, Inc. The Companys service offerings are classified as portfolio management/accounting; trading/treasury operations; financial modeling; loan management/accounting; property management; money market processing; software-enabled services; professional services, and product support. The Companys software products and software-enabled services automates and integrates front-office functions, such as trading and modeling; middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing. Its other subsidiaries include Advent Software, Inc., and GlobeOp Financial Services S.A. and Prime Management Limited, among others.