Total System Services (TSS) : The short interest in Total System Services (TSS) has increased from 2,479,624 to 2,598,201 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 1,675,773 shares are traded daily in the stock and only 2 days are left for the shorts to cover. The short open interest is 1.4% of the total shares in the hands of the public. The shorts in the stock have gone up by 118,577 shares, which is an increase of 4.8% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
Total System Services (NYSE:TSS): The stock opened at $48.53 on Wednesday but the bulls could not build on the opening and the stock topped out at $48.69 for the day. The stock traded down to $47.99 during the day, due to lack of any buying support eventually closed down at $48.09 with a loss of -1.07% for the day. The stock had closed at $48.61 on the previous day. The total traded volume was 1,200,149 shares.
In a related news,The director of Total System Services Inc, Tomlinson Philip W sold 38,000 shares at $53.93 on May 25, 2016. The Insider selling transaction had a total value worth of $2,049,340. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Total System Services, Inc. (TSYS) is a global payment solutions provider that provides services to financial and nonfinancial institutions. The Company also provides processing services, acquiring solutions, related systems and integrated support services to merchant acquirers and merchants. In addition, it provides general purpose reloadable (GPR) prepaid and payroll cards, and alternative financial service solutions to the underbanked and other consumers. Its operating segments include North America Services, Merchant Services, NetSpend and International Services. Through the Companys North America Services and International Services segments, TSYS processes information through its cardholder systems to financial and non-financial institutions. The Merchant Services segment includes electronic processing and other services provided to merchants and merchant acquirers. The NetSpend segment provides GPR prepaid debit and payroll cards and alternative financial service solutions.