Short Interest Update on Palo Alto Networks (PANW)

Palo Alto Networks (PANW) : The bears are holding on to their shorts in Accenture Plc with 6 more days remaining for them to cover their positions. The bearish positions have increased from 6,310,683 on Jul 29, 2016, to 6,656,806, on August 15, 2016. Daily, 1,166,249 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 346,123 shares, which is an increase of just 5.5%. The total short interest of 7.8% 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.

Palo Alto Networks (NYSE:PANW): The stock opened at $142.02 on Wednesday but the bulls could not build on the opening and the stock topped out at $143.25 for the day. The stock traded down to $140.01 during the day, due to lack of any buying support eventually closed down at $140.37 with a loss of -1.22% for the day. The stock had closed at $142.11 on the previous day. The total traded volume was 1,613,473 shares.


In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP of WW Field Ops) of Palo Alto Networks Inc, Anderson Mark had sold 2,203 shares worth of $280,001 in a transaction dated June 21, 2016. In this transaction, 2,203 shares were sold at $127.1 per share.

Palo Alto Networks, Inc. is a security company. The Companys security platform consists of three elements: its Next-Generation Firewall, its Advanced Endpoint Protection, and its Threat Intelligence Cloud. The Companys Next-Generation Firewall delivers application, user, and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture. Its Advanced Endpoint Protection prevents cyber-attacks that aim to exploit software vulnerabilities on a range of fixed and virtual endpoints and servers. The Companys Threat Intelligence Cloud provides central intelligence capabilities, security for software as a service (SaaS) applications, and automated delivery of preventative measures against cyber-attacks. The Companys PAN-OS operating system contains App-ID, User-ID, site-to-site virtual private network (VPN), remote access secure sockets layer (SSL) VPN, and Quality-of-Service (QoS).

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