Short Interest Update on Blucora (BCOR)

Blucora (BCOR) : The short interest in Blucora (BCOR) has increased from 2,092,587 to 2,148,963 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 436,585 shares are traded daily in the stock and only 5 days are left for the shorts to cover. The short open interest is 5.6% of the total shares in the hands of the public. The shorts in the stock have gone up by 56,376 shares, which is an increase of 2.7% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.

Blucora (NASDAQ:BCOR): The stock opened at $10.98 on Wednesday but the bulls could not build on the opening and the stock topped out at $11.03 for the day. The stock traded down to $10.75 during the day, due to lack of any buying support eventually closed down at $10.82 with a loss of -1.37% for the day. The stock had closed at $10.97 on the previous day. The total traded volume was 202,259 shares.


In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (President, TaxAct, Inc.) of Blucora, Inc., Kintzel Joann had sold 3,538 shares worth of $37,291 in a transaction dated July 5, 2016. In this transaction, 3,538 shares were sold at $10.54 per share.

Blucora, Inc. is an operator of a portfolio of Internet businesses. The Company operates through three segments: Search and Content, Tax Preparation and E-Commerce. Its Search and Content business operates through its InfoSpace LLC subsidiary (InfoSpace) and provides search services to users of the Company owned and operated and distribution partners Web properties, as well as online content. Its Tax Preparation business consists of the operations of TaxACT, Inc. (TaxACT) and provides online tax preparation service for individuals, tax preparation software for individuals and professional tax preparers, and ancillary services. Its E-Commerce business consists of the operations of Monoprice, Inc. (Monoprice) and sells self-branded electronics and accessories to both consumers and businesses.

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