H&R Block June 15th Short Interest Update

H&R Block (NYSE:HRB) reported a rise of 9.7% or 2,133,586 shares in its short interest. The short figure came in at 10.8% of the total floats. The average daily volume of 6,314,340 shares suggests that the days to cover 24,187,711 short positions, as on June 15,2016, will be 4. On May 31,2016, the short interest was 22,054,125 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

H&R Block (NYSE:HRB): The stock opened at $22.05 on Friday but the bulls could not build on the opening and the stock topped out at $22.49 for the day. The stock traded down to $22.05 during the day, due to lack of any buying support eventually closed down at $22.23 with a loss of -2.71% for the day. The stock had closed at $22.85 on the previous day. The total traded volume was 6,856,034 shares.

The company shares have dropped -24.67% from its 1 Year high price. On Nov 2, 2015, the shares registered one year high at $37.53 and the one year low was seen on May 12, 2016. The 50-Day Moving Average price is $21.42 and the 200 Day Moving Average price is recorded at $27.64.

H&R Block (NYSE:HRB) has tumbled 4.26% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 6.01% in the last four weeks. The stocks have underperformed the S&P 500 by 2.67% during the past week but H&R Block (NYSE:HRB) it has outperformed the index in 4 weeks by 9.22%.

H&R Block, Inc. (H&R Block) is a holding company. The Company, through its subsidiaries, provides tax preparation and other services. The Company provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions and other services and products related to income tax return preparation to the general public primarily in the United States, and its territories, Canada and Australia. The Company offers a range of online tax services, from tax advice to complete professional and DIY tax return preparation and electronic filing, through its Website at www.hrblock.com. Services available at this Website allow clients to prepare their federal and state income tax returns using online tax program, access tax tips, advice and tax-related news, and use calculators for tax planning. The Company develops and markets DIY desktop income tax preparation software. It develops and offers applications for mobile devices, which provide tax and related services to clients.

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