Short Interest in Ceridian HCM Holding Inc. Rises By 17.1

CDAYDelisted Stock  USD 68.42  0.65  0.94%   
Slightly above 61% of CDAY Old's investor base is looking to short. The analysis of current outlook of investing in CDAY Old suggests that many traders are alarmed regarding CDAY Old's prospects. CDAY Old's investing sentiment can be driven by a variety of factors including economic data, CDAY Old's earnings reports, geopolitical events, and overall market trends.
  
Ceridian HCM Holding Inc. was the recipient of a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 10,420,000 shares, an increase of 17.1 percent from the July 31st total of 8,900,000 shares. Based on an average daily volume of 1,340,000

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CDAY Old Fundamental Analysis

We analyze CDAY Old's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CDAY Old using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CDAY Old based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Market Capitalization

Market Capitalization Comparative Analysis

CDAY Old is currently under evaluation in market capitalization category among its peers. Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.

CDAY Old Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with CDAY Old stock to make a market-neutral strategy. Peer analysis of CDAY Old could also be used in its relative valuation, which is a method of valuing CDAY Old by comparing valuation metrics with similar companies.

Peers

CDAY Old Related Equities

GWREGuidewire Software   0.38   
0%
8.0%
AZPNAspen Technology   0.07   
0%
1.0%
AGYSAgilysys   0.08   
1.0%
0%
ANSSANSYS   0.82   
17.0%
0%
MANHManhattan Associates   1.16   
24.0%
0%
CWANClearwater Analytics   1.25   
26.0%
0%
ETWOE2open Parent   1.44   
30.0%
0%
ROPRoper Technologies,   1.47   
30.0%
0%
ALKTAlkami Technology   1.48   
31.0%
0%
PAYCPaycom Soft   2.38   
50.0%
0%
ENFNEnfusion   2.40   
50.0%
0%
PCTYPaylocity Holdng   2.75   
57.0%
0%
PYCRPaycor HCM   3.02   
63.0%
0%
CVLTCommVault Systems   4.75   
100.0%
0%
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

Other Consideration for investing in CDAY Stock

If you are still planning to invest in CDAY Old check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the CDAY Old's history and understand the potential risks before investing.
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