Nuance Communications (NUAN) : Traders are increasing their bearish positions on the stock, as is visible by the 17.4% jump in the outstanding short positions; a total addition of 1,694,017 shares on the sell side. On Jul 29, 2016, the total short positions were 9,758,699 shares, which went up to 11,452,716 shares by the close of trading on August 15, 2016. It will take 3 days for the bears to roll over or cover. An average of 3,323,770 shares exchange hands daily. 4.1% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.
Nuance Communications (NASDAQ:NUAN): The stock opened at $14.58 on Wednesday but the bulls could not build on the opening and the stock topped out at $14.68 for the day. The stock traded down to $14.44 during the day, due to lack of any buying support eventually closed down at $14.49 with a loss of -0.55% for the day. The stock had closed at $14.57 on the previous day. The total traded volume was 2,069,700 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Executive VP Corporate Strateg) of Nuance Communications, Inc., Bowden Adam Bruce had sold 6,000 shares worth of $96,180 in a transaction dated August 1, 2016. In this transaction, 6,000 shares were sold at $16.03 per share.
Nuance Communications, Inc. is a provider of voice and language solutions for businesses and consumers across the world. The Companys solutions are used in healthcare, mobile, consumer, enterprise customer service, and imaging markets. The Company offers accuracy, natural language understanding capability, domain knowledge and implementation capabilities. The Companys solutions are based on the Companys voice and language platform and are used by businesses for tasks and services, such as requesting information from a phone-based self-service solution, dictating medical records, searching the mobile Web by voice, entering a destination into a navigation system, or working with portable document format (PDF) documents. The Company offers its solutions to its customers in a range of ways, including through products, hosting, professional services and maintenance and support. The Company operates in four segments: Healthcare, Mobile and Consumer, Enterprise, and Imaging.