Jabil Circuit (JBL) : The bears are holding on to their shorts in Accenture Plc with 4 more days remaining for them to cover their positions. The bearish positions have increased from 5,979,590 on Jul 29, 2016, to 6,452,164, on August 15, 2016. Daily, 1,714,833 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 472,574 shares, which is an increase of just 7.9%. The total short interest of 3.8% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.
Jabil Circuit (NYSE:JBL): The stock opened at $21.00 on Wednesday but the bulls could not build on the opening and the stock topped out at $21.09 for the day. The stock traded down to $20.90 during the day, due to lack of any buying support eventually closed down at $20.93 with a loss of -0.52% for the day. The stock had closed at $21.04 on the previous day. The total traded volume was 1,263,142 shares.
In a related news, The Securities and Exchange Commission has divulged that Loparco Michael J, officer (EVP, CEO, Engineered Solutions) of Jabil Circuit Inc, had unloaded 5,000 shares at an average price of $20.23 in a transaction dated on July 26, 2016. The total value of the transaction was worth $101,150.
Jabil Circuit, Inc. provides electronic manufacturing services and solutions. The Company provides electronic design, production and product management services to companies in the aerospace, automotive, computing, defense, digital home, energy, healthcare, industrial, instrumentation, lifestyles, mobility, mold, networking, packaging, peripherals, storage, telecommunications and wearable technology industries. The Companys operating segments include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The EMS segment is focused around leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics. The DMS segment is focused on providing engineering solutions, heavy participation in consumer markets, access to higher growth markets and a focus on material sciences and technologies.