VeriSign (VRSN) : Traders are negative on VeriSign (VRSN), as it has 17.4% of short positions outstanding compared to its float. The total shorts have reduced by -25,677 shares, which is a -0.1% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,18,455,139 to 18,429,462 shares. While the daily trading volume of the stock is 748,006, there are 25 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
VeriSign (NASDAQ:VRSN): The stock opened at $75.13 on Wednesday but the bulls could not build on the opening and the stock topped out at $75.67 for the day. The stock traded down to $74.28 during the day, due to lack of any buying support eventually closed down at $74.43 with a loss of -1.26% for the day. The stock had closed at $75.38 on the previous day. The total traded volume was 1,231,607 shares.
In a related news, The director, of Verisign Inc/Ca, Tomlinson Timothy had unloaded 1,477 shares at $85.3 per share in a transaction on August 2, 2016. The total value of transaction was $125,988. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
VeriSign, Inc. is a global provider of domain name registry services and Internet security, enabling Internet navigation for domain names and providing protection for Websites and enterprises around the world (Registry Services). The Companys product suite also includes Network Intelligence and Availability (NIA) Services consisting of Distributed Denial of Service (DDoS) Protection Services, Verisign iDefense Security Intelligence Services (iDefense) and Managed Domain Name System (Managed DNS) Services. The Companys Registry Services provides the security, stability and resiliency of Internet infrastructure and services, including the .com and .net domains, two of the Internets root servers, and operation of the root-zone maintainer functions for the core of the Internets Domain Name System (DNS). The Company has operations inside, as well as outside the United States.