Stericycle (SRCL) : Traders are increasing their bearish positions on the stock, as is visible by the 23.9% jump in the outstanding short positions; a total addition of 1,034,566 shares on the sell side. On Jul 29, 2016, the total short positions were 4,327,613 shares, which went up to 5,362,179 shares by the close of trading on August 15, 2016. It will take 4 days for the bears to roll over or cover. An average of 1,471,940 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.
Stericycle (NASDAQ:SRCL): The stock opened at $85.32 on Wednesday but the bulls could not build on the opening and the stock topped out at $85.89 for the day. The stock traded down to $84.73 during the day, due to lack of any buying support eventually closed down at $84.94 with a loss of -0.48% for the day. The stock had closed at $85.35 on the previous day. The total traded volume was 536,444 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Stericycle Inc, Dammeyer Rodney F had sold 10,188 shares worth of $871,074 in a transaction dated August 17, 2016. In this transaction, 10,188 shares were sold at $85.5 per share.
Stericycle, Inc. is engaged in the business of providing regulated and compliance solutions to healthcare and commercial businesses. The Companys solutions include the collection and processing of specialized waste for disposal, and a variety of training, consulting, recall/return, communication, and compliance services, which include training, consulting, inbound/outbound communications, data reporting, and other regulatory compliance services. The Company operates regulated waste management networks in the United States, Argentina, Brazil, Canada, Chile, Ireland, Japan, Mexico, Portugal, Romania, South Korea, Spain, and the United Kingdom. The Company operates through two segments: United States and International. The Companys networks include a total of 181 processing facilities, 214 transfer sites, and 97 other service facilities. Its regulated waste processing technology is primarily autoclaving. The Company also uses incineration and electro-thermal-deactivation system (ETD).