Ericsson (ERIC) : Traders are increasing their bearish positions on the stock, as is visible by the 2.7% jump in the outstanding short positions; a total addition of 402,228 shares on the sell side. On Jul 29, 2016, the total short positions were 15,073,177 shares, which went up to 15,475,405 shares by the close of trading on August 15, 2016. It will take 5 days for the bears to roll over or cover. An average of 3,295,376 shares exchange hands daily. 0.5% 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.
Ericsson (NASDAQ:ERIC): The stock opened at $7.48 on Wednesday but the bulls could not build on the opening and the stock topped out at $7.50 for the day. The stock traded down to $7.45 during the day, due to lack of any buying support eventually closed down at $7.47 with a loss of -0.66% for the day. The stock had closed at $7.52 on the previous day. The total traded volume was 6,526,940 shares.
Telefonaktiebolaget LM Ericsson (Ericsson) is a provider of communications technology and services. Ericsson offers services, software and infrastructure for mobility, broadband and the cloud in telecom industry and other sectors. Its two core businesses are Radio, Core and Transmission and Telecom Services. Ericsson operates in four business segments: Networks, Global Services, Support Solutions and Modems. It invests in five targeted areas: Internet protocol (IP) Networks; Cloud; operations and business support systems (OSS) and business support systems (BSS); TV and Media, and Industry and Society. Radio, Core and Transmission, as well as IP Networks and Cloud report into Networks segment and Telecom Services report into Global Services segment. The product and software deliveries of OSS and BSS, TV & Media, report into Support Solutions segment, while services related to these areas report into Global Services segment. Industry and Society reports into Global Services segment.