Accenture plc. June 15th Short Interest Update

Accenture plc. (NYSE:ACN) has seen a rise of 67,652 shares or 0.7% in the short interest. The remaining shorts are 1.6% of the total floated shares. The net short interest, as on June 15,2016, stood at 10,100,454 shares and the stocks days to cover will be 7 by factoring in the average per day volume of 1,465,272 shares. On May 31,2016, 10,032,802 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Accenture plc. (NYSE:ACN): The stock opened at $112.77 on Friday but the bulls could not build on the opening and the stock topped out at $114.90 for the day. The stock traded down to $110.93 during the day, due to lack of any buying support eventually closed down at $111.45 with a loss of -6.27% for the day. The stock had closed at $118.91 on the previous day. The total traded volume was 6,814,335 shares.

The company shares have rallied 15.28% from its 1 Year high price. On Jun 22, 2016, the shares registered one year high at $120.78 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $117.66 and the 200 Day Moving Average price is recorded at $108.94.

Accenture plc. (NYSE:ACN) has tumbled 5.21% during the past week and has dropped 6.3% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.63%. Accenture plc. (NYSE:ACN) has underperformed the index by 3.46% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Accenture plc is engaged in providing management consulting, technology and outsourcing services. The Companys business is structured around five operating groups, which together consists of 19 industry groups serving clients in industries globally. The Companys segment includes Communications, Media & Technology, Financial Services, Health & Public Service, Products and Resources. The Communications, Media & Technology segment serves the communications, electronics, technology, media and entertainment industries. The Financial Services segment serves the banking, capital markets and insurance industries. The Health & Public Service segment serves healthcare payers and providers, government departments, public service organizations, educational institutions and non-profit organizations. The Products segment serves consumer-relevant industries. The Resources segment serves the chemicals, energy, forest products, metals and mining, utilities and related industries.

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