Cardtronics (CATM) has 4,560,685 shares of shorts outstanding as on August 15, 2016, with 10 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 4,955,309 shares. The stock has a decent trading volume of 460,167 shares daily. The marginal decrease in the short positions is by -8%, which amounts to -394,624 shares. Short positions are 10.2% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
Cardtronics (NASDAQ:CATM): The stock opened at $45.51 on Wednesday but the bulls could not build on the opening and the stock topped out at $45.51 for the day. The stock traded down to $44.98 during the day, due to lack of any buying support eventually closed down at $45.14 with a loss of -0.35% for the day. The stock had closed at $45.30 on the previous day. The total traded volume was 312,885 shares.
In a related news, The Securities and Exchange Commission has divulged that Updyke Rick, officer (EVP Global Markets & Accounts) of Cardtronics Plc, had unloaded 9,182 shares at an average price of $47.15 in a transaction dated on August 16, 2016. The total value of the transaction was worth $432,931.
Cardtronics, Inc. (Cardtronics) provides automated consumer financial services. The Company provides these services through its network of automated teller machines (ATMs) and multi-function financial services kiosks. The Companys operations consist of its U.S., Europe and Other International segments. Its U.S. segment includes the Companys operations in all 50 states, Puerto Rico and the U.S. Virgin Islands. Its Europe segment includes the Companys operations in the United Kingdom and Germany. The Companys Other International segment includes its operations in Mexico and Canada. Under the managed services arrangement, retailers, financial institutions, and ATM distributors rely on the Company to handle some or all of the operational aspects associated with operating and maintaining ATMs. The Company deploys and operates devices under three arrangements with its retail partners: Company-owned ATM placements, merchant-owned ATM placements and managed services.