Autodesk (ADSK) : The conviction of the bears is waning as is visible by the drop in the short positions from Jul 29, 2016, to August 15, 2016. The total outstanding shorts decreased from 8,850,557 to 8,643,975 shares, with 6 days to go before the expiry. The short open interest has decreased by -2.3%, amounting to a reduction of -206,582 shares. Only a handful of traders believe that the stock has a large downside from current levels, as seen in the low short interest of 3.9% of the float of the company. The average daily volume of the stock is 1,548,653 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Autodesk (NASDAQ:ADSK): The stock opened at $63.31 on Wednesday but the bulls could not build on the opening and the stock topped out at $63.79 for the day. The stock traded down to $62.96 during the day, due to lack of any buying support eventually closed down at $63.17 with a loss of -0.46% for the day. The stock had closed at $63.46 on the previous day. The total traded volume was 1,498,740 shares.
In a related news,The officer (SVP, General Counsel) of Autodesk Inc, Di Fronzo Pascal W sold 10,583 shares at $62.99 on August 15, 2016. The Insider selling transaction had a total value worth of $666,623. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Autodesk, Inc. (Autodesk) is a design software and services company, offering customers productive business solutions through technology products and services. The Company serves customers in the architecture, engineering and construction; manufacturing, and digital media, consumer and entertainment industries. The Company operates in four segments: Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E). The PSEB, AEC and MFG segments offer a range of services, including consulting, support and training. The M&E segment offers software products to creative professionals, post-production facilities and broadcasters for a variety of applications, including feature films, television programs, commercials, music and corporate videos, interactive game production, Web design and interactive Web streaming.