Short Interest Update on Iron Mountain Incorporated (IRM)

Iron Mountain Incorporated (IRM) : Traders are negative on Iron Mountain Incorporated (IRM), as it has 3.7% of short positions outstanding compared to its float. The total shorts have reduced by -1,028,462 shares, which is a -10.2% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,10,130,931 to 9,102,469 shares. While the daily trading volume of the stock is 2,088,282, there are 4 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

Iron Mountain Incorporated (NYSE:IRM): The stock opened at $38.02 on Wednesday but the bulls could not build on the opening and the stock topped out at $38.08 for the day. The stock traded down to $37.72 during the day, due to lack of any buying support eventually closed down at $38.00 with a loss of -0.29% for the day. The stock had closed at $38.11 on the previous day. The total traded volume was 1,270,262 shares.


In a related news, The Securities and Exchange Commission has divulged that Tsolakis Anastasios, officer (EVP, CIO, Global Svcs. Officer) of Iron Mountain Inc, had unloaded 7,364 shares at an average price of $40 in a transaction dated on July 1, 2016. The total value of the transaction was worth $294,560.

Iron Mountain Inc. is a holding company, which stores records, primarily paper documents and data backup media, and provide information management services. The Company has five segments: North American Records and Information Management Business, North American Data Management Business, Western European Business, Other International Business and Corporate and Other Business. It offers records and information management services, and data management services. Its customer base includes commercial, legal, banking, healthcare, accounting, insurance, entertainment and government organizations. As of December 31, 2014, the Companys courier fleet consisted of approximately 3,600 owned or leased vehicles. Its other services include secure shredding, document management solutions (DMS), compliant records management and consulting services, health information storage and management solutions, entertainment services, energy data services, discovery services and other ancillary services.

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