Shorts Action: Is Buying Trinet Group Incorporated (NYSE:TNET), Having Lower Short Interest a Winning Strategy?

November 17, 2016 - By Ellis Scott   ·   0 Comments

Shorts Action: Is Buying Trinet Group Incorporated (NYSE:TNET), Having Lower Short Interest a Winning Strategy?

The stock of Trinet Group Incorporated (NYSE:TNET) registered a decrease of 4.02% in short interest. TNET’s total short interest was 1.32M shares in November as published by FINRA. Its down 4.02% from 1.37M shares, reported previously. With 321,500 shares average volume, it will take short sellers 4 days to cover their TNET’s short positions. The short interest to Trinet Group Incorporated’s float is 3.6%. About 366,090 shares traded hands. TriNet Group Inc (NYSE:TNET) has risen 48.81% since April 15, 2016 and is uptrending. It has outperformed by 44.19% the S&P500.

TriNet Group, Inc. is a provider of human resources (HR) solutions for small to medium-sized businesses (SMBs). The company has a market cap of $1.66 billion. The Company’s human resource solutions include offerings, such as multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; federal, state and local labor, employment and benefit law compliance; risk mitigation, including employment practices claims management; expense and time management, and human capital consulting. It has a 32.24 P/E ratio. The Company’s cloud HR software systems are used by its clients and their employees, whom it refers to as worksite employees (WSEs), to store and manage their HR-related information and conduct a range of HR-related transactions anytime and across the world.

TriNet Group Inc (NYSE:TNET) Ratings Coverage

Out of 6 analysts covering TriNet Group Inc (NYSE:TNET), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. TriNet Group Inc has been the topic of 7 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by JP Morgan given on Wednesday, August 5. The company was downgraded on Thursday, August 4 by Morgan Stanley. The firm has “Market Perform” rating by William Blair given on Tuesday, August 4.

TNET Company Profile

TriNet Group, Inc. (TriNet), incorporated on January 26, 2000, is a well-known provider of human resources (HR) solutions for small to medium-sized businesses (SMBs). The Company’s human resource solutions include offerings, such as multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; federal, state and local labor, employment and benefit law compliance; risk mitigation, including employment practices claims management; expense and time management, and human capital consulting. The Company’s cloud HR software systems are used by its clients and their employees, whom it refers to as worksite employees (WSEs), to store and manage their HR-related information and conduct a range of HR-related transactions anytime and across the world. It has served over 12,700 clients in all over 50 states, the District of Columbia and Canada, co-employed over 324,000 WSEs.

Another recent and important TriNet Group Inc (NYSE:TNET) news was published by Prnewswire.com which published an article titled: “TriNet Group, Inc. Announces Retirement of CFO Bill Porter” on October 03, 2016.

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By Ellis Scott


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