Short Interest Worth Mentioning: Today Majesco (NYSEMKT:MJCO) Reported Increase in Shorted Shares

November 30, 2016 - By Dolores Ford   ·   0 Comments

Short Interest Worth Mentioning: Today Majesco (NYSEMKT:MJCO) Reported Increase in Shorted Shares

The stock of Majesco (NYSEMKT:MJCO) registered an increase of 13.58% in short interest. MJCO’s total short interest was 105,400 shares in November as published by FINRA. Its up 13.58% from 92,800 shares, reported previously. With 3,800 shares average volume, it will take short sellers 28 days to cover their MJCO’s short positions. The short interest to Majesco’s float is 1.92%. The stock increased 2.01% or $0.1 on November 29, hitting $5.08. Majesco (NYSEMKT:MJCO) has declined 17.67% since April 27, 2016 and is downtrending. It has underperformed by 22.89% the S&P500.

Majesco is a provider of insurance software, consulting and services for insurance industry. The company has a market cap of $181.70 million. The Firm operates through the software solutions well-known provider for the insurance industry segment. It currently has negative earnings. The Firm offers insurance software solutions for Property and Casualty or General Insurance , Life, Annuities (L&A), and Pensions and Group or Employee Benefits providers, allowing them to manage policy management, claims management and billing functions.

MJCO Company Profile

Majesco, incorporated on April 7, 1992, is a well-known provider of insurance software, consulting and services for insurance industry. The Firm operates through the software solutions well-known provider for the insurance industry segment. The Firm offers insurance software solutions for Property and Casualty or General Insurance (P&C), Life, Annuities (L&A), and Pensions and Group or Employee Benefits providers, allowing them to manage policy management, claims management and billing functions. In addition, the Company offers a range of other technology solutions for distribution management, digital, data and cloud that enable organizations to automate business processes across the end-to-end insurance value chain and comply with policies and regulations across their organizations. The Firm has presence in the United States, Canada, the United Kingdom, Malaysia, Thailand, Singapore, New Zealand and India.

More notable recent Majesco (NYSEMKT:MJCO) news were published by: Economictimes.Indiatimes.com which released: “Things are looking up for Majesco, use dips to buy” on September 02, 2016, also Seekingalpha.com with their article: “Majesco: A Lesser-Known, Magnificent Growth Story With Potential” published on January 05, 2016, Businesswire.com published: “Unum Selects Majesco Policy for L&A and Group and Majesco Billing to Transform …” on February 23, 2016. More interesting news about Majesco (NYSEMKT:MJCO) were released by: Businesswire.com and their article: “Homesite Insurance On Majesco’s Cloud Insurance Suite Platform” published on April 20, 2016 as well as Thestreet.com‘s news article titled: “Majesco Entertainment (COOL) Stock Soars on $10 Million Dividend Program” with publication date: January 06, 2016.

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By Dolores Ford


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