Short Interest Update on Lexmark International (LXK)

Lexmark International (LXK) : The traders have covered their outstanding shorts in Lexmark International (LXK) to the tune of -175,041 shares, a change of -30.5%. As on Jul 29, 2016, the outstanding shorts on the stock were 573,954 shares, however, by August 15, 2016, the shorts had reduced to 398,913 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 0.6% of the free float of the stock. It takes 1 days to cover the outstanding short positions. The stock has an average daily volume of 523,761 shares. The short interest information was released on Wednesday Aug 24th after the market close.

Lexmark International (NYSE:LXK): The stock opened at $35.57 on Wednesday but the bulls could not build on the opening and the stock topped out at $35.69 for the day. The stock traded down to $35.20 during the day, due to lack of any buying support eventually closed down at $35.36 with a loss of -0.67% for the day. The stock had closed at $35.60 on the previous day. The total traded volume was 615,630 shares.


In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Lexmark International Inc /Ky/, Hardis Stephen R, had purchased 797 shares in a transaction dated on January 4, 2016. The transaction was executed at $31.28 per share with total amount equaling $24,930.

Lexmark International Inc. (Lexmark) is a developer, manufacturer and supplier of printing, imaging, device management, managed print services (MPS), document workflow and business process and content management solutions. The Company operates in two segments: Imaging Solutions and Services (ISS) and Perceptive Software. It serves both the distributed printing and imaging, and content and process management markets with a focus on business customers. Lexmarks enterprise content and process management software platform supports traditional business content, as well as media and industry-specific content, such as medical image content and includes enterprise search, intelligent capture, document output management (DOM) and business process and case management. Lexmarks healthcare offering includes an industry content repository and vendor neutral archive (VNA) that integrates all patient unstructured information across the enterprise to enable access.

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