The most recent short interest data has been released for the 09/29/2017 settlement date, which shows a 384,432 share decrease in total short interest for FactSet Research Systems Inc. (FDS - Get Report), to 2,873,096, a decrease of 11.80% since 09/15/2017. 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 FDS at the 09/29/2017 settlement increased to 595,325, as compared to 245,801 at the 09/15/2017 report. That brought "days to cover" down to 4.83, a 63.58% decrease from the 13.25 days to cover calculated at the previous short interest data release.The below chart shows the historical "days to cover" for FDS at previous short interest release dates: A decreased "days to cover" value could indicate that short sellers are no longer expecting the same decline in stock price they once were, or it could also indicate a long bet elsewhere was closed where FDS had been shorted as a hedge. The chart below shows the one year performance of FDS shares, versus its 200 day moving average. Looking at this chart, FDS's low point in its 52 week range is $150.95 per share, with $184.20 as the 52 week high point — that compares with a last trade of $177.18. According to the ETF Finder at ETF Channel, FDS makes up 2.19% of the SPDR S&P Capital Markets ETF (KCE) which is lower by about 0.1% on the day Wednesday.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Stocks
Dow Futures Steady Following Tech and Trade Rout; Dollar Eases From 2-year High
Global stocks steadied Friday as investors gingerly returned to risk markets after a bruising week of losses sparked by worries of a prolonged U.S.-China trade war and increasing signals of a slowing world economy.
Short-Term Versus Long-Term Investing: Which Is the Better Investment?
Should investors consider short-term or long-term investing when they compile their portfolio? Here's what Carol Schleif, deputy chief investment officer at Abbot Downing.
HP Inc. Shares Rise After Company Beats on Earnings and Revenue
The company also slightly raised its earnings per share guidance for the year.