LivePerson Stock Sees Short Interest Drop 15.8%

The most recent short interest data has been released for the 11/30/2016 settlement date, which shows a 270,704 share decrease in total short interest for LivePerson Inc ( LPSN), to 1,438,692, a decrease of 15.84% since 11/15/2016. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days (at the average volume) it would take to close out all of the open short positions if every share traded represented a short position being closed. Average daily volume for LPSN at the 11/30/2016 settlement increased to 288,671, as compared to 234,384 at the 11/15/2016 report. That brought "days to cover" down to 4.98, a 31.66% decrease from the 7.29 days to cover calculated at the previous short interest data release.

The below chart shows the historical "days to cover" for LPSN at previous short interest release dates:

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