Callidus Software (CALD) : Traders are getting increasingly bearish on Callidus Software (CALD), as can be seen in the addition of short positions from 2,181,955 on Jul 29, 2016, to 2,350,215 on August 15, 2016. The net change in shorts is 168,260 shares, an increase of 7.7%. 3 days remain before the expiry. The 4.3% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 808,481. The short interest information was released on Wednesday Aug 24th after the market close.
Callidus Software (NASDAQ:CALD): The stock was completely flat for the day, closing at $19.85 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $19.92, the stock touched an intraday high of $20.10 and a low of $19.79. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $19.85. The total trading volume on Wednesday was 286,501.
In a related news, The Securities and Exchange Commission has divulged that Boesenberg Charles, director of Callidus Software Inc, had unloaded 17,670 shares at an average price of $19.77 in a transaction dated on August 15, 2016. The total value of the transaction was worth $349,336.
Callidus Software Inc. is a provider of cloud-based sales, marketing, learning and customer experience solutions. The Companys CallidusCloud enables its customers to accelerate their Lead to Money process with a suite of solutions that identify leads, implement territory and quota plans, enable sales forces, automate bid configuration pricing and quoting, manage contracts, streamline sales compensation and capture customer feedback for competitive advantage. The Company provides a range of services to its customers including professional services, business process outsourcing services, maintenance and technical support services, and education services. Territory and Quota helps customers evaluate their territory, quota distribution plans and strategies for meeting corporate sales goals.