Short Interest Update on Moneygram International (MGI)

Moneygram International (MGI) : The bears are holding on to their shorts in Accenture Plc with 3 more days remaining for them to cover their positions. The bearish positions have increased from 501,451 on Jul 29, 2016, to 512,561, on August 15, 2016. Daily, 154,640 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 11,110 shares, which is an increase of just 2.2%. The total short interest of 2% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.

Moneygram International (NASDAQ:MGI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.16 and $7.16 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.42, notching a gain of 1.37% for the day. The total traded volume was 66,954 . The stock had closed at $7.32 on the previous day.


In a related news, Rafferty Michael P, director of Moneygram International Inc had purchased 1,500 shares on August 3, 2016 in a transaction. The price per share was $6.44 and the total amount of the disclosed transaction was $9,660.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

MoneyGram International, Inc. (MoneyGram) is a money transfer and payment services company. The Company operates through two business segments: Global Funds Transfer and Financial Paper Products. The Companys Global Funds Transfer segment offers money transfer services and bill payment services primarily to unbanked and underbanked consumers. It utilizes point-of-sale platforms, including AgentConnect, DeltaWorks, Delta T3 and MoneyGram Online. The bill payment service includes ExpressPayment service. The Company offers its services under the MoneyGram brand. The Companys Financial Paper Products segment offers money orders to consumers through its retail agents and financial institutions located across the United States and Puerto Rico, and provide official check outsourcing services for financial institutions across the United States.

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