Short Interest Coverage: A Reversal for Blucora Incorporated (NASDAQ:BCOR) Is Near. The Stock Has Decrease in Shorts

November 25, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest Coverage: A Reversal for Blucora Incorporated (NASDAQ:BCOR) Is Near. The Stock Has Decrease in Shorts

The stock of Blucora Incorporated (NASDAQ:BCOR) registered a decrease of 8.45% in short interest. BCOR’s total short interest was 2.22M shares in November as published by FINRA. Its down 8.45% from 2.43 million shares, reported previously. With 385,900 shares average volume, it will take short sellers 6 days to cover their BCOR’s short positions. The short interest to Blucora Incorporated’s float is 6.58%. About 29,394 shares traded hands. Blucora Inc (NASDAQ:BCOR) has risen 139.09% since April 22, 2016 and is uptrending. It has outperformed by 133.68% the S&P500.

Blucora, Inc. is a provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The company has a market cap of $602.91 million. The Firm operates through two divisions: the Wealth Management, which consists of the HD Vest, Inc. business, and the Tax Preparation, which consists of the TaxAct, Inc. (TaxAct) business. It currently has negative earnings. The Company’s Wealth Management segment distributes services and products through financial advisors.

Blucora Inc (NASDAQ:BCOR) Ratings Coverage

Out of 4 analysts covering Blucora (NASDAQ:BCOR), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Blucora has been the topic of 8 analyst reports since August 22, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, August 24 by Benchmark. As per Friday, April 29, the company rating was upgraded by Craig Hallum. The stock has “Outperform” rating given by Wedbush on Friday, February 12. On Friday, October 28 the stock rating was maintained by Barrington Research with “Outperform”. On Saturday, August 22 the stock rating was maintained by Benchmark with “Buy”. Barrington Research upgraded Blucora Inc (NASDAQ:BCOR) on Monday, May 2 to “Outperform” rating. Benchmark maintained it with “Buy” rating and $13 target price in Tuesday, February 16 report.

BCOR Company Profile

Blucora, Inc., incorporated on April 9, 1996, is a well-known provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Firm operates through two divisions: the Wealth Management, which consists of the HD Vest, Inc. (HD Vest) business, and the Tax Preparation, which consists of the TaxAct, Inc. (TaxAct) business. HD Vest provides wealth management solutions for financial advisors. TaxAct provides digital tax preparation solutions for consumers, small business owners and tax professionals.

More important recent Blucora Inc (NASDAQ:BCOR) news were published by: Fool.com which released: “Why Blucora Inc. Shares Jumped 24% Today” on April 28, 2016, also Wsj.com published article titled: “Blucora to Buy HD Vest for $580 Million”, Streetinsider.com published: “Blucora, Inc. (BCOR) Announces Completion of $40M Monoprice Sale” on November 17, 2016. More interesting news about Blucora Inc (NASDAQ:BCOR) was released by: Prnewswire.com and their article: “HD Vest Announces Agreement to be Acquired by Blucora, Inc.” with publication date: October 14, 2015.

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By Pete Kolinski


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