Paychex Sees Significant Growth in Short Interest (PAYX)
Paychex (NASDAQ:PAYX) was the recipient of a large growth in short interest in the month of June. As of June 13th, there was short interest totalling 17,181,235 shares, a growth of 11.8% from the May 30th total of 15,363,470 shares, AmericanBankingNews.com reports. Approximately 5.3% of the company’s shares are short sold. Based on an average daily volume of 1,579,637 shares, the short-interest ratio is currently 10.9 days.
Shares of Paychex (NASDAQ:PAYX) opened at 41.21 on Monday. Paychex has a 52 week low of $36.32 and a 52 week high of $45.95. The stock’s 50-day moving average is $41.06 and its 200-day moving average is $42.0. The company has a market cap of $14.990 billion and a price-to-earnings ratio of 25.00.
Paychex, Inc is a provider of payroll, human resource, and benefits outsourcing solutions for small to medium-sized businesses.
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