Bazaarvoice (BV) : 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 1,677,760 to 1,468,181 shares, with 5 days to go before the expiry. The short open interest has decreased by -12.5%, amounting to a reduction of -209,579 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 2.1% of the float of the company. The average daily volume of the stock is 317,003 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Bazaarvoice (NASDAQ:BV): The stock opened at $4.07 on Wednesday but the bulls could not build on the opening and the stock topped out at $4.14 for the day. The stock traded down to $4.02 during the day, due to lack of any buying support eventually closed down at $4.04 with a loss of -1.22% for the day. The stock had closed at $4.09 on the previous day. The total traded volume was 192,613 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Revenue Officer) of Bazaarvoice Inc, Ritzcovan Elizabeth, had purchased 250 shares in a transaction dated on April 12, 2016. The transaction was executed at $3.13 per share with total amount equaling $783.
Bazaarvoice, Inc. is a network that connects brands and retailers to the authentic voices of people where they shop. The Companys technology platform collects and displays ratings and reviews, questions and answers and stories from customers along with visual commerce capabilities that collectively amplify the voices of the consumers into the shopping. The Companys platforms and solutions include Bazaarvoice Conversations Platform, which provides capabilities to capture, manage and display online consumer-generated content; Bazaarvoice Connections Solutions, which offers network syndication and brand engagement solutions; Bazaarvoice Local, which helps clients gather and promote reviews of local service affiliates; Bazaarvoice Curations, which pulls in content from across a range of social platforms, including Instagram, Facebook and Twitter, and Bazaarvoice Media, which sells advertising on behalf of retailers thereby helping brands and agencies market to shopper audiences.