Fidelity National Information Services (NYSE:FIS) has seen a rise of 207,581 shares or 5.6% in the short interest. The remaining shorts are 1.3% of the total floated shares. The net short interest, as on June 15,2016, stood at 3,901,857 shares and the stocks days to cover will be 3 by factoring in the average per day volume of 1,525,042 shares. On May 31,2016, 3,694,276 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Fidelity National Information Services (NYSE:FIS): The stock opened at $71.29 on Friday but the bulls could not build on the opening and the stock topped out at $72.11 for the day. The stock traded down to $70.63 during the day, due to lack of any buying support eventually closed down at $70.67 with a loss of -4.38% for the day. The stock had closed at $73.91 on the previous day. The total traded volume was 5,526,697 shares.
The company shares have rallied 13.24% from its 1 Year high price. On Jun 6, 2016, the shares registered one year high at $75.80 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $73.49 and the 200 Day Moving Average price is recorded at $64.60.
Fidelity National Information Services (NYSE:FIS) has tumbled 2.91% during the past week and has dropped 5.03% 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 1.3%. Fidelity National Information Services (NYSE:FIS) has underperformed the index by 2.15% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Fidelity National Information Services, Inc. is a provider of banking and payments technology, consulting and outsourcing solutions. The Company operates through four segments: Financial Solutions Group provides services and software to satisfy the processing, technology, and outsourcing needs of its financial institution clients in North America. Payment Solutions Group provides services and software for the electronic funds transfer, card processing, item processing, bill payment, and government payments processing needs of its clients in North America. International Solutions Group offers banking applications, channel solutions, debit/credit/and prepaid card and merchant services, wealth management services, item processing and check risk management solutions to financial institutions, card issuers, commercial enterprises and government operations. Corporate and Other consists of the corporate overhead and costs of leveraged functions that are not allocated to operating segments.