Fidelity National Information Services (FIS) : The traders have covered their outstanding shorts in Fidelity National Information Services (FIS) to the tune of -539,121 shares, a change of -12.3%. As on Jul 29, 2016, the outstanding shorts on the stock were 4,371,017 shares, however, by August 15, 2016, the shorts had reduced to 3,831,896 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 1.2% of the free float of the stock. It takes 3 days to cover the outstanding short positions. The stock has an average daily volume of 1,329,249 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Fidelity National Information Services (NYSE:FIS): The stock opened at $79.95 on Wednesday but the bulls could not build on the opening and the stock topped out at $80.10 for the day. The stock traded down to $79.26 during the day, due to lack of any buying support eventually closed down at $79.56 with a loss of -0.64% for the day. The stock had closed at $80.07 on the previous day. The total traded volume was 1,144,740 shares.
In a related news,The director of Fidelity National Information Services, Inc., Hughes Keith W sold 10,133 shares at $80.05 on August 15, 2016. The Insider selling transaction had a total value worth of $811,147. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Fidelity National Information Services, Inc. is a provider of banking and payments technology, consulting and outsourcing solutions. The Company operates through four segments: Financial Solutions Group provides services and software to satisfy the processing, technology, and outsourcing needs of its financial institution clients in North America. Payment Solutions Group provides services and software for the electronic funds transfer, card processing, item processing, bill payment, and government payments processing needs of its clients in North America. International Solutions Group offers banking applications, channel solutions, debit/credit/and prepaid card and merchant services, wealth management services, item processing and check risk management solutions to financial institutions, card issuers, commercial enterprises and government operations. Corporate and Other consists of the corporate overhead and costs of leveraged functions that are not allocated to operating segments.