VASCO Data Security International (VDSI) : The traders have covered their outstanding shorts in VASCO Data Security International (VDSI) to the tune of -371,515 shares, a change of -12.2%. As on Jul 29, 2016, the outstanding shorts on the stock were 3,058,166 shares, however, by August 15, 2016, the shorts had reduced to 2,686,651 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 9.2% of the free float of the stock. It takes 13 days to cover the outstanding short positions. The stock has an average daily volume of 205,232 shares. The short interest information was released on Wednesday Aug 24th after the market close.
VASCO Data Security International (NASDAQ:VDSI): The stock opened at $19.05 on Wednesday but the bulls could not build on the opening and the stock topped out at $19.30 for the day. The stock traded down to $18.79 during the day, due to lack of any buying support eventually closed down at $18.89 with a loss of -0.53% for the day. The stock had closed at $18.99 on the previous day. The total traded volume was 266,273 shares.
In a related news, The Securities and Exchange Commission has divulged that Hunt T Kendall, director officer 10% owner (Chief Executive Offic of Vasco Data Security International Inc, had unloaded 50,000 shares at an average price of $17.79 in a transaction dated on May 4, 2016. The total value of the transaction was worth $889,500.
VASCO Data Security International, Inc. (VASCO) is an IT security company. The Company, through its operating subsidiaries, designs, develops and markets security solutions that secure and manage access to digital assets and protect transactions. Its products enable secure financial transactions over private enterprise networks and public networks, such as the Internet. The Companys user authentication is delivered through its hardware and software DIGIPASS security products (DIGIPASSES), many of which incorporate an electronic and digital signature capability, which further protects the integrity of electronic transactions and data transmissions. VASCOs primary product and service lines include three categories of solutions: Host System products, which is typically a component of an organizations IT infrastructure; Client Authenticators, which are devices used by end users for authentication, and Developer Tools, which are used by application developers.