Short Interest of The Day: After Reaching Milestone, Is Convergys Corporation (NYSE:CVG)’s Short Interest Revealing Something?

November 30, 2016 - By Winifred Garcia   ·   0 Comments

Short Interest of The Day: After Reaching Milestone, Is Convergys Corporation (NYSE:CVG)’s Short Interest Revealing Something?

The stock of Convergys Corporation (NYSE:CVG) registered an increase of 2.85% in short interest. CVG’s total short interest was 4.07M shares in November as published by FINRA. Its up 2.85% from 3.95 million shares, reported previously. With 345,900 shares average volume, it will take short sellers 12 days to cover their CVG’s short positions. The short interest to Convergys Corporation’s float is 4.29%. About 225,764 shares traded hands. Convergys Corp (NYSE:CVG) has declined 2.23% since April 27, 2016 and is downtrending. It has underperformed by 7.45% the S&P500.

Convergys Corporation is engaged in providing customer management services. The company has a market cap of $2.45 billion. The Company’s primary focus is on growth with multinational firms and other companies in communications and media, financial services, technology, healthcare, retail and other vertical markets. It has a 16.65 P/E ratio. The Company’s divisions include North America and Rest of World.

Insitutional Activity: The institutional sentiment decreased to 1.01 in 2016 Q2. Its down 0.03, from 1.04 in 2016Q1. The ratio dropped, as 15 funds sold all Convergys Corp shares owned while 95 reduced positions. 33 funds bought stakes while 81 increased positions. They now own 93.12 million shares or 6.92% less from 100.05 million shares in 2016Q1.
Landscape Cap Limited Liability Corp accumulated 18,600 shares or 0.06% of the stock. Stifel Corp reported 173,202 shares or 0.02% of all its holdings. The Pennsylvania-based Clark Cap Mgmt has invested 0.03% in Convergys Corp (NYSE:CVG). Axa owns 24,000 shares or 0% of their US portfolio. Manufacturers Life Insurance Company The has invested 0.01% of its portfolio in Convergys Corp (NYSE:CVG). Weaver C Barksdale And Associates Incorporated holds 0.02% of its portfolio in Convergys Corp (NYSE:CVG) for 474 shares. Profund Advsr Ltd has 13,797 shares for 0.02% of their US portfolio. Capital Fund Mgmt Sa owns 48,700 shares or 0.01% of their US portfolio. Moreover, Federated Invsts Inc Pa has 0% invested in Convergys Corp (NYSE:CVG) for 61,151 shares. Wells Fargo & Co Mn accumulated 0% or 189,109 shares. Brandywine Inv Limited Liability Company has invested 0.07% of its portfolio in Convergys Corp (NYSE:CVG). Ledyard Bancorp accumulated 5,950 shares or 0.03% of the stock. Capstone Advisors Limited Liability Company holds 24,900 shares or 0.01% of its portfolio. Mount Lucas L P owns 10,296 shares or 0.04% of their US portfolio. Cornercap Inv Counsel accumulated 66,580 shares or 0.32% of the stock.

Insider Transactions: Since June 3, 2016, the stock had 0 insider buys, and 8 insider sales for $4.25 million net activity. 10,000 shares were sold by FOX JEFFREY H, worth $299,590 on Friday, August 26. $27,220 worth of Convergys Corp (NYSE:CVG) was sold by Pontius Jarrod B on Thursday, November 17. $266,049 worth of Convergys Corp (NYSE:CVG) was sold by Valentine Andre S on Monday, September 12. $770,450 worth of Convergys Corp (NYSE:CVG) shares were sold by GIBBS JOSEPH E.

Convergys Corp (NYSE:CVG) Ratings Coverage

Out of 4 analysts covering Convergys Corp (NYSE:CVG), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. Convergys Corp has been the topic of 8 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The firm earned “Sell” rating on Wednesday, August 26 by Zacks. The firm has “Hold” rating given on Friday, September 4 by Zacks. The stock has “Neutral” rating given by Sidoti on Wednesday, October 21. Zacks upgraded Convergys Corp (NYSE:CVG) on Friday, August 14 to “Sell” rating. Citigroup maintained Convergys Corp (NYSE:CVG) on Wednesday, August 10 with “Neutral” rating. The firm has “Buy” rating by Sidoti given on Wednesday, January 6. On Thursday, February 25 the stock rating was downgraded by Wells Fargo to “Market Perform”. The stock has “Neutral” rating given by Sidoti on Monday, April 4.

CVG Company Profile

Convergys Corporation (Convergys), incorporated on July 2, 1996, is engaged in providing customer management services. The Company’s primary focus is on growth with multinational firms and other companies in the communications and media, financial services, technology, healthcare, retail and other vertical markets. The Company’s divisions include North America and Rest of World. The Firm operates in approximately 150 locations in over 30 countries. It operates over 130 contact centers in approximately 30 countries. The Firm integrates call center data servers and databases with over two primary data centers in Orlando, Florida, and Cincinnati, Ohio. The Firm provides a range of contact center services delivered through phone, e-mail and chat. It also provides solutions across the customer lifecycle, including sales, customer service, technical support, customer retention and collections.

More important recent Convergys Corp (NYSE:CVG) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on June 09, 2009, also Forbes.com published article titled: “Ex-Dividend Reminder: Convergys, Staples and Starwood Hotels & Resorts Worldwide”, Quotes.Wsj.com published: “Convergys Corp. CVG (US: NYSE)” on February 11, 2011. More interesting news about Convergys Corp (NYSE:CVG) was released by: Businesswire.com and their article: “Convergys to Acquire buw” with publication date: July 06, 2016.

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By Winifred Garcia


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