Short Interest Update on Meredith Corporation (MDP)

Meredith Corporation (MDP) : The bears are holding on to their shorts in Accenture Plc with 11 more days remaining for them to cover their positions. The bearish positions have increased from 2,700,350 on Jul 29, 2016, to 3,151,752, on August 15, 2016. Daily, 292,853 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 451,402 shares, which is an increase of just 16.7%. The total short interest of 8.6% 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.

Meredith Corporation (NYSE:MDP): The stock opened at $54.58 on Wednesday but the bulls could not build on the opening and the stock topped out at $54.58 for the day. The stock traded down to $53.63 during the day, due to lack of any buying support eventually closed down at $53.80 with a loss of -0.72% for the day. The stock had closed at $54.19 on the previous day. The total traded volume was 139,748 shares.


In a related news, Zieser John S, officer (Chief Development Officer) of Meredith Corp, unloaded 1,206 shares at an average price of $55 on August 18, 2016. The total amount of the transaction was worth $66,330, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Meredith Corporation is a media and marketing company. The Company operates two business segments namely local media and national media. Its national media segment includes national consumer media brands delivered via multiple media platforms including print magazines and digital and mobile media, brand licensing activities, database-related activities and business-to-business marketing products and services. The local media segment consists of the operations of network-affiliated television stations, related digital and mobile media, and video creation operations. Local media segment consists of 14 owned television stations and one operated television station located across the United States in digital and mobile media, and a national video creation unit.

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