H&R Block (HRB) : The short interest in H&R Block (HRB) has increased from 19,623,171 to 19,743,617 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 2,003,897 shares are traded daily in the stock and only 10 days are left for the shorts to cover. The short open interest is 9% of the total shares in the hands of the public. The shorts in the stock have gone up by 120,446 shares, which is an increase of 0.6% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
H&R Block (NYSE:HRB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.55 and $24.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.56, notching a gain of 0.20% for the day. The total traded volume was 1,384,367 . The stock had closed at $24.51 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Brown Jeffrey, Officer (Chief Accounting And Risk Offi) of H&R BLOCK INC, had unloaded 16,067 shares at an average price of $22.86 in a transaction dated on June 30, 2016. The total value of the transaction was worth $367,292.
H&R Block, Inc. (H&R Block) is a holding company. The Company, through its subsidiaries, provides tax preparation and other services. The Company provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions and other services and products related to income tax return preparation to the general public primarily in the United States, and its territories, Canada and Australia. The Company offers a range of online tax services, from tax advice to complete professional and DIY tax return preparation and electronic filing, through its Website at www.hrblock.com. Services available at this Website allow clients to prepare their federal and state income tax returns using online tax program, access tax tips, advice and tax-related news, and use calculators for tax planning. The Company develops and markets DIY desktop income tax preparation software. It develops and offers applications for mobile devices, which provide tax and related services to clients.