Short Interest Update on Check Point Software Technologies Ltd. (CHKP)

Check Point Software Technologies Ltd. (CHKP) : The traders have covered their outstanding shorts in Check Point Software Technologies Ltd. (CHKP) to the tune of -609,651 shares, a change of -5.8%. As on Jul 29, 2016, the outstanding shorts on the stock were 10,558,974 shares, however, by August 15, 2016, the shorts had reduced to 9,949,323 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 7.9% of the free float of the stock. It takes 5 days to cover the outstanding short positions. The stock has an average daily volume of 1,883,828 shares. The short interest information was released on Wednesday Aug 24th after the market close.

Check Point Software Technologies Ltd. (NASDAQ:CHKP): The stock opened at $75.73 on Wednesday but the bulls could not build on the opening and the stock topped out at $76.50 for the day. The stock traded down to $75.37 during the day, due to lack of any buying support eventually closed down at $76.05 with a loss of -0.18% for the day. The stock had closed at $76.19 on the previous day. The total traded volume was 1,102,190 shares.


Check Point Software Technologies Ltd (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. The Checkpoints Software Blade architecture offers enterprises a common platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis, or multi-domain management. The Company offers these software blades grouped into functional packages to address specific security issues. Software-defined Protection (SDP) is a security architecture that is designed to protect against unknown threats.

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