Short Interest Update on TiVo (TIVO)

TiVo (TIVO) : The traders have covered their outstanding shorts in TiVo (TIVO) to the tune of -231,259 shares, a change of -10.1%. As on Jul 29, 2016, the outstanding shorts on the stock were 2,298,514 shares, however, by August 15, 2016, the shorts had reduced to 2,067,255 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 2.2% 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 952,603 shares. The short interest information was released on Wednesday Aug 24th after the market close.

TiVo (NASDAQ:TIVO): The stock opened at $10.96 on Wednesday but the bulls could not build on the opening and the stock topped out at $10.96 for the day. The stock traded down to $10.79 during the day, due to lack of any buying support eventually closed down at $10.87 with a loss of -0.82% for the day. The stock had closed at $10.96 on the previous day. The total traded volume was 5,835,489 shares.


In a related news, The director, of Tivo Inc, Cella William had unloaded 6,850 shares at $10.29 per share in a transaction on July 11, 2016. The total value of transaction was $70,487. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

TiVo Inc. (TiVo) is a provider of television software services and cloud-based software-as-a-service solutions that enable viewers to consume content from a range of sources, across a variety of screens in and out of the home. The Company offers a whole-home solution that includes 4-Tuner and 6-Tuner digital video recorders (DVRs)/gateways, non-DVR IP set-top boxes (STBs), and software to enable streaming to application on third-party devices, such as iOS and Android mobile phones and tablets. The Company generates revenues from four sources: Consumer Service, Television Service Providers (also referred to as MSOs or Pay TV Operators), Advertising and Research Services, and Licensing. TiVos technology for enabling the TiVo service includes the TiVo service client software platform, mobile apps, the TiVo service infrastructure and TiVo-enabled hardware designs. The Company distributes its software, technology and services through a range of consumer electronic applications and devices.

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