Paychex June 15th Short Interest Update

Paychex (NASDAQ:PAYX), A increase of 232,621 shares or 1.3% was observed in the short interest of Paychex, Inc. The interest on June 15,2016 came in at 18,178,922 shares and as per the average daily trading of 1,712,353 shares, the days to cover are 11. The increased interest is 5.7% of the floated shares. The data of May 31,2016 put the interest at 17,946,301 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Paychex (NASDAQ:PAYX): The stock opened at $53.78 on Friday but the bulls could not build on the opening and the stock topped out at $55.48 for the day. The stock traded down to $53.57 during the day, due to lack of any buying support eventually closed down at $54.64 with a loss of -2.93% for the day. The stock had closed at $56.29 on the previous day. The total traded volume was 4,584,428 shares.

The company shares have rallied 16.75% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $56.30 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $53.76 and the 200 Day Moving Average price is recorded at $52.04.

Paychex (NASDAQ:PAYX) has climbed 0.09% in the past week and advanced 0.57% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.75% and the outperformance has advanced to 3.61% for the last 4 weeks period.

Paychex, Inc., is a provider of integrated payroll, human Resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses. The Company focuses on providing payroll and human Resource services; delivering these services; growing its client base, through the efforts of its direct sales force; improving client service, through its leading-edge technology; capitalizing on the growth opportunities within its existing client base and from new clients; investing in business through expansion of its services and product offerings; and supplementing its growth through strategic acquisitions. The Company offers services and products that allow its clients to meet their diverse payroll and human Resource needs. These include: payroll processing; payroll tax administration services; employee payment services; regulatory compliance services; Paychex HR Services; retirement services administration; insurance services; and online HR administration services.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.