Short Interest Update on Zillow Group (Z)

Zillow Group (Z) : 13 days before expiry, shorts in Zillow Group (Z) have reduced from 24,681,398 on Jul 29, 2016, to 22,786,409 on August 15, 2016. On an average, 1,692,020 shares are traded on the exchange. The outstanding bearish positions are equal to 23.3% of the float. Short sellers have covered -1,894,989 shares, a reduction of -7.7%, 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.

Zillow Group (NASDAQ:Z): The stock opened at $34.74 on Wednesday but the bulls could not build on the opening and the stock topped out at $35.00 for the day. The stock traded down to $33.73 during the day, due to lack of any buying support eventually closed down at $33.95 with a loss of -2.97% for the day. The stock had closed at $34.99 on the previous day. The total traded volume was 1,200,882 shares.


In a related news, The Securities and Exchange Commission has divulged that Rascoff Spencer M, director officer (Chief Executive Officer) of Zillow Group, Inc., had unloaded 400 shares at an average price of $95.19 in a transaction dated on May 20, 2015. The total value of the transaction was worth $38,076.

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