DISH Network Corporation (DISH) : Traders are increasing their bearish positions on the stock, as is visible by the 250.8% jump in the outstanding short positions; a total addition of 8,290,144 shares on the sell side. On Jul 29, 2016, the total short positions were 3,305,988 shares, which went up to 11,596,132 shares by the close of trading on August 15, 2016. It will take 2 days for the bears to roll over or cover. An average of 4,946,828 shares exchange hands daily. 5.3% 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.
DISH Network Corporation (NASDAQ:DISH): The stock opened at $50.11 on Wednesday but the bulls could not build on the opening and the stock topped out at $50.61 for the day. The stock traded down to $49.44 during the day, due to lack of any buying support eventually closed down at $49.59 with a loss of -0.78% for the day. The stock had closed at $49.98 on the previous day. The total traded volume was 1,584,154 shares.
In a related news, The officer (EVP, Operations), of Dish Network Corp, Swieringa John had unloaded 3,000 shares at $51.01 per share in a transaction on August 12, 2016. The total value of transaction was $153,030. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
DISH Network Corporation is a holding company. The Company operates through two segments: DISH and Wireless. It offers a range of video services under the DISH brand, with access to a range of channels depending on the level of subscription. Its standard programming packages include programming provided by national broadcast networks, local broadcast networks and national and regional cable networks. It also offers programming packages that include sports channels, movie channels, and Latino and international programming. It also offers wireline voice and broadband services under the dishNET brand as a competitive local exchange carrier to consumers living in a 14 state region in the western United States. The Company also offers Sling TV, a live, linear streaming over-the-top (OTT) service, including 14 channels offered for a monthly subscription. The Company owns a range of wireless spectrum licenses and related assets. It owns 700 MHz Licenses, AWS-4 Licenses and H Block Licenses.