Omnicom Group (OMC) : 16 days before expiry, shorts in Omnicom Group (OMC) have reduced from 18,722,687 on Jul 29, 2016, to 18,203,486 on August 15, 2016. On an average, 1,162,128 shares are traded on the exchange. The outstanding bearish positions are equal to 7.8% of the float. Short sellers have covered -519,201 shares, a reduction of -2.8%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Omnicom Group (NYSE:OMC): The stock opened at $86.28 on Wednesday but the bulls could not build on the opening and the stock topped out at $86.28 for the day. The stock traded down to $84.30 during the day, due to lack of any buying support eventually closed down at $84.42 with a loss of -0.30% for the day. The stock had closed at $84.67 on the previous day. The total traded volume was 1,018,690 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Omnicom Group Inc., Rice Linda Johnson had sold 824 shares worth of $69,669 in a transaction dated August 16, 2016. In this transaction, 824 shares were sold at $84.55 per share.
Omnicom Group Inc. is a holding company. The Company provides advertising, marketing and corporate communications services. The Companys branded networks and agencies operate in markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications. Its services in these disciplines include advertising, brand consultancy, content marketing, corporate social responsibility consulting, crisis communications, data analytics and database management, among others. Its advertising brands include BBDO Worldwide, DDB Worldwide and TBWA Worldwide. The Companys branded agency networks operate in geographic regions, including the Americas, which includes North America and Latin America; EMEA, which includes Europe, the Middle East and Africa, and Asia Pacific, which includes Australia, China, India, Japan, Korea, New Zealand, Singapore and other Asian countries.