Service Corporation International (SCI) : The short interest in Service Corporation International (SCI) has increased from 7,679,124 to 7,750,302 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 1,028,954 shares are traded daily in the stock and only 8 days are left for the shorts to cover. The short open interest is 4.2% of the total shares in the hands of the public. The shorts in the stock have gone up by 71,178 shares, which is an increase of 0.9% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
Service Corporation International (NYSE:SCI): The stock opened at $27.09 on Wednesday but the bulls could not build on the opening and the stock topped out at $27.14 for the day. The stock traded down to $26.55 during the day, due to lack of any buying support eventually closed down at $26.61 with a loss of -1.66% for the day. The stock had closed at $27.06 on the previous day. The total traded volume was 735,012 shares.
In a related news, The Securities and Exchange Commission has divulged that Buckwalter Alan R Iii, director of Service Corporation International, had unloaded 14,944 shares at an average price of $27.4 in a transaction dated on August 12, 2016. The total value of the transaction was worth $409,466.
Service Corporation International is a provider of death care products and services. The Company has a network of funeral service locations and cemeteries operating in the United States and Canada. Its funeral service and cemetery operations consist of funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria and related businesses. The Companys segments include Funeral and Cemetery. The Companys brands include Dignity Memorial, Dignity Planning, National Cremation Society, Advantage, Funeraria Del Angel, Making Everlasting Memories and Neptune Society/Trident Society. The Company sells cemetery property and funeral and cemetery merchandise and services at the time of need and on a pre-need basis. The Company provides professional services relating to funerals and cremations, including the use of funeral facilities and motor vehicles and preparation and embalming services.