What’s Propelling First Data Corporation Class A (NYSE:FDC) After Lower Shorts Reported?

June 17, 2018 - By Richard Conner

The stock of First Data Corporation Class A (NYSE:FDC) registered a decrease of 13.8% in short interest. FDC’s total short interest was 39.57 million shares in June as published by FINRA. Its down 13.8% from 45.91M shares, reported previously. With 7.85M shares average volume, it will take short sellers 5 days to cover their FDC’s short positions. The short interest to First Data Corporation Class A’s float is 8.54%.

The stock increased 0.23% or $0.05 during the last trading session, reaching $21.66. About 6.10M shares traded. First Data Corporation (NYSE:FDC) has risen 15.66% since June 17, 2017 and is uptrending. It has outperformed by 3.09% the S&P500.

First Data Corporation provides electronic commerce solutions for merchants, financial institutions, and card issuers worldwide. The company has market cap of $20.12 billion. It operates through three divisions: Global Business Solutions, Global Financial Solutions, and Network & Security Solutions. It has a 13.33 P/E ratio. The Global Business Solutions segment offers retail point-of-sale merchant acquiring and e-commerce services; and mobile payment services and Webstore-in-a-box solutions, as well as its cloud Clover point-of-sale operating system, which includes a marketplace for proprietary and third-party business applications.

More important recent First Data Corporation (NYSE:FDC) news were published by: Seekingalpha.com which released: “First Data and Mastercard team up in digital disbursements” on June 13, 2018, also Benzinga.com published article titled: “First Data Upgraded By Goldman Sachs On ‘Significant Upside Potential'”, Seekingalpha.com published: “First Data: Buy This Breakout” on June 07, 2018. More interesting news about First Data Corporation (NYSE:FDC) was released by: Benzinga.com and their article: “First Data’s Investor Day: The Street’s Takeaways” with publication date: June 13, 2018.

First Data Corporation (NYSE:FDC) Ratings Chart

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