Polycom (PLCM) : 1 days before expiry, shorts in Polycom (PLCM) have reduced from 3,676,712 on Jul 29, 2016, to 2,608,212 on August 15, 2016. On an average, 2,079,042 shares are traded on the exchange. The outstanding bearish positions are equal to 1.9% of the float. Short sellers have covered -1,068,500 shares, a reduction of -29.1%, 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.
Polycom (NASDAQ:PLCM): The stock opened at $12.45 on Wednesday but the bulls could not build on the opening and the stock topped out at $12.46 for the day. The stock traded down to $12.44 during the day, due to lack of any buying support eventually closed down at $12.44 with a loss of -0.08% for the day. The stock had closed at $12.45 on the previous day. The total traded volume was 1,938,597 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Polycom Inc, Mercer D Scott had sold 7,500 shares worth of $83,550 in a transaction dated August 3, 2015. In this transaction, 7,500 shares were sold at $11.14 per share.
Polycom, Inc. offers solutions for voice, video and content sharing. The Companys video, voice and content-management and content-sharing solutions include immersive telepresence and conference room systems, home/work office solutions, applications for mobile devices, browser-based video collaboration and cloud-delivered services. The Company operates in three geographic segments: Americas, Europe, Middle East and Africa (EMEA) and Asia Pacific (APAC). The Company offers various products and solutions, which include UC Group Systems, UC Platform and UC Personal Devices. UC Group Systems includes immersive telepresence, group video and group voice systems. UC Platform includes universal collaboration servers, virtualization management (distributed media optimization), resource management, and recording and streaming and remote access technologies that constitute the RealPresence Platform. UC Personal Devices includes desktop video devices and desktop voice products.