Short Interest Update on CDW Corporation (CDW)

CDW Corporation (CDW) : Traders are increasing their bearish positions on the stock, as is visible by the 13.3% jump in the outstanding short positions; a total addition of 604,522 shares on the sell side. On Jul 29, 2016, the total short positions were 4,531,594 shares, which went up to 5,136,116 shares by the close of trading on August 15, 2016. It will take 4 days for the bears to roll over or cover. An average of 1,204,130 shares exchange hands daily. 3.2% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.

CDW Corporation (NASDAQ:CDW): The stock was completely flat for the day, closing at $44.95 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $45.05, the stock touched an intraday high of $45.19 and a low of $44.87. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $44.95. The total trading volume on Wednesday was 566,005.


In a related news, The Securities and Exchange Commission has divulged that Fairfield Neil B, officer (VICE PRESIDENT & CONTROLLER) of Cdw Corp, had unloaded 2,791 shares at an average price of $40.44 in a transaction dated on March 9, 2016. The total value of the transaction was worth $112,868.

CDW Corporation (CDW) is a provider of integrated information technology (IT) solutions in the United States and Canada. Its offerings include mobility, security, data center optimization, cloud computing, virtualization and collaboration. The Company offers products for Corporate and Public. Corporate offerings are offered for private sector business customers. Public customers include Government agencies and education and healthcare institutions. CDW has three segments, CDW Advanced Services, Canada and Kelway TopCo Limited (Kelway). The Company is a sales channel partner for many original equipment manufacturers (OEMs) and software publishers (collectively, its vendor partners), whose products it sells or include in the solutions CDW offers. The Company helps its customer base of more than 250,000 small, medium and large business, government, education and healthcare customers by delivering solutions to their IT needs.

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