Outerwall (OUTR) : Traders are negative on Outerwall (OUTR), as it has 24.7% of short positions outstanding compared to its float. The total shorts have reduced by -1,798,280 shares, which is a -30% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,5,990,316 to 4,192,036 shares. While the daily trading volume of the stock is 703,160, there are 6 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Outerwall (NASDAQ:OUTR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $51.77 and $51.76 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $51.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $51.86, notching a gain of 0.25% for the day. The total traded volume was 502,784 . The stock had closed at $51.73 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (President, Coinstar) of Outerwall Inc, Gaherity James had sold 950 shares worth of $62,054 in a transaction dated November 18, 2015. In this transaction, 950 shares were sold at $65.32 per share.
Outerwall Inc. is a provider of automated retail solutions. The Companys business segments include The Redbox, Coinstar and New Ventures. The Redbox segment is focused on the entertainment consumer sector, where consumers can rent or purchase movies and video games from self-service kiosks. The Coinstar business segment is focused on the money consumer sector and provides self-service kiosks where consumers can convert their coins to cash and convert coins and paper bills to stored value products. Its New Ventures segment identifies, evaluates, builds and develops self-service concepts in the automated retail space.