Intuit Inc. (NASDAQ:INTU) Sees Large Decline in Short Interest

Intuit Inc. (NASDAQ:INTU – Get Free Report) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totalling 3,160,000 shares, a drop of 8.4% from the August 15th total of 3,450,000 shares. Based on an average trading volume of 1,370,000 shares, the days-to-cover ratio is currently 2.3 days. Approximately 1.2% of the company’s stock are sold short.

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