Telephone and Data Systems (TDS) : The traders have covered their outstanding shorts in Telephone and Data Systems (TDS) to the tune of -147,598 shares, a change of -12.8%. As on Jul 29, 2016, the outstanding shorts on the stock were 1,151,006 shares, however, by August 15, 2016, the shorts had reduced to 1,003,408 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 1.1% of the free float of the stock. It takes 2 days to cover the outstanding short positions. The stock has an average daily volume of 470,861 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Telephone and Data Systems (NYSE:TDS): The stock opened at $28.26 on Wednesday but the bulls could not build on the opening and the stock topped out at $28.42 for the day. The stock traded down to $27.94 during the day, due to lack of any buying support eventually closed down at $28.00 with a loss of -1.13% for the day. The stock had closed at $28.32 on the previous day. The total traded volume was 321,816 shares.
In a related news, The director, of Telephone & Data Systems Inc /De/, Meyers Kenneth R had unloaded 43,200 shares at $29.48 per share in a transaction on August 12, 2016. The total value of transaction was $1,273,536. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Telephone and Data Systems, Inc. (TDS) is a diversified telecommunications company. The Company is engaged in providing telecommunications services. TDS conducts its Wireless operations through its subsidiary, United States Cellular Corporation (U.S. Cellular). TDS provides Wireline services, cable services and hosted and managed services, through its wholly-owned subsidiary, TDS Telecommunications Corporation. U.S. Cellular offers a range of Wireless devices, such as handsets, modems, mobile hotspots, home phone and tablets for use by its customers. TDS Telecom operates in three segments: Wireline, which provides retail telecommunications services to residential and commercial customers; Cable, which provides colocation and managed services, and Hosted and Managed Services, which offers a suite of information technology (IT) solutions including cloud and hosting solutions, managed services, enterprise resource planning application management, professional services and IT hardware.