Short Interest Update on On Assignment (ASGN)

On Assignment (ASGN) : The bears are holding on to their shorts in Accenture Plc with 3 more days remaining for them to cover their positions. The bearish positions have increased from 757,615 on Jul 29, 2016, to 961,273, on August 15, 2016. Daily, 300,523 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 203,658 shares, which is an increase of just 26.9%. The total short interest of 2% 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.

On Assignment (NYSE:ASGN): The stock opened at $37.87 on Wednesday but the bulls could not build on the opening and the stock topped out at $38.07 for the day. The stock traded down to $37.69 during the day, due to lack of any buying support eventually closed down at $37.82 with a loss of -0.05% for the day. The stock had closed at $37.84 on the previous day. The total traded volume was 169,665 shares.


In a related news, The Securities and Exchange Commission has divulged that Mcgowan Michael, officer (COO, OAI; Pres, OGR) of On Assignment Inc, had unloaded 8,000 shares at an average price of $37.01 in a transaction dated on June 15, 2016. The total value of the transaction was worth $296,080.

On Assignment, Inc. is a global provider of professionals in the information technology (IT), engineering and life sciences sectors. The Company matches people into positions for contract, contract-to-hire and direct hire assignments. Its operating segments include Apex, Oxford and Life Sciences Europe. The Apex Segment provides information technology and scientific staffing professionals for contract, contract-to-hire and permanent placement positions. The Oxford Segment provides contract and direct placement services of information technology and engineering professionals in specialized information technology, software and hardware engineering, and mechanical, electrical, validation and telecommunications engineering fields. The Life Sciences Europe Segment provides locally-based contract life science professionals to clients in the biotechnology, pharmaceutical, food and beverage, medical device, personal care, chemical, automotive, educational and environmental industries.

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