Fiserv (FISV) : The short interest in Fiserv (FISV) has increased from 2,776,472 to 3,480,984 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 1,243,705 shares are traded daily in the stock and only 3 days are left for the shorts to cover. The short open interest is 1.6% of the total shares in the hands of the public. The shorts in the stock have gone up by 704,512 shares, which is an increase of 25.4% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
Fiserv (NASDAQ:FISV): The stock opened at $103.81 on Wednesday but the bulls could not build on the opening and the stock topped out at $104.24 for the day. The stock traded down to $102.66 during the day, due to lack of any buying support eventually closed down at $102.72 with a loss of -1.34% for the day. The stock had closed at $104.12 on the previous day. The total traded volume was 1,030,408 shares.
In a related news, The Securities and Exchange Commission has divulged that Yabuki Jeffery W, director officer (President and CEO) of Fiserv Inc, had unloaded 12,000 shares at an average price of $101.97 in a transaction dated on August 17, 2016. The total value of the transaction was worth $1,223,640.
Fiserv, Inc. (Fiserv) is a global provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, and related services, including document and payment card production and distribution, check processing and imaging, source capture systems, and lending and risk management products and services. The Companys Payments and Industry Products segment primarily provides debit, credit and prepaid card processing and services, electronic bill payment and presentment services, Internet and mobile banking software and services, person-to-person payment services, and other electronic payments software and services. The Companys Financial Institution Services business segment provides account processing services, item processing and source capture services, loan origination and servicing products, cash management and consulting services.