Short Interest Update on Tableau Software (DATA)

Tableau Software (DATA) : The short interest in Tableau Software (DATA) has increased from 4,916,758 to 4,998,480 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 1,593,659 shares are traded daily in the stock and only 3 days are left for the shorts to cover. The short open interest is 9.3% of the total shares in the hands of the public. The shorts in the stock have gone up by 81,722 shares, which is an increase of 1.7% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.

Tableau Software (NYSE:DATA): The stock opened at $62.02 on Wednesday but the bulls could not build on the opening and the stock topped out at $62.03 for the day. The stock traded down to $60.19 during the day, due to lack of any buying support eventually closed down at $60.49 with a loss of -2.78% for the day. The stock had closed at $62.22 on the previous day. The total traded volume was 3,033,800 shares.


In a related news, Conder Keenan Michael, (VP, GC & Secretary) of Tableau Software Inc, unloaded 504 shares at an average price of $54.54 on August 16, 2016. The total amount of the transaction was worth $27,488, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Tableau Software, Inc. (Tableau) is a provider of analytics and business intelligence software solutions. The Companys products are Tableau Desktop, a self-service analytics product, Tableau Server, a business intelligence platform for organizations, Tableau Online, a cloud-based version of Tableau Server, and Tableau Public, a free cloud-based platform for analyzing and sharing public data. The Companys products are used by people across a range of organizations, including Fortune 500 corporations, small and medium-sized businesses, government agencies, universities, research institutions and non-profits. The Companys technologies include visual query language (VizQL), a visual query language that translates drag-and-drop actions into data queries and then expresses the information visually, and Hybrid Data Architecture, which combines the Companys Live Query and In-Memory Data Engines technologies. The Company markets its products under the Tableau brand.

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