Computershare Limited (OTCMKTS:CMSQF) Sees Large Decline in Short Interest

Computershare Limited (OTCMKTS:CMSQF – Get Free Report) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 244,798 shares, a drop of 35.0% from the June 15th total of 376,640 shares. Based on an average trading volume of 1,489 shares, the days-to-cover ratio is presently 164.4 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered shares of Computershare from a “buy” rating to a “neutral” rating in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $39.50.

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Computershare Trading Down 8.6%

Shares of CMSQF stock traded down $2.48 on Friday, reaching $26.34. 457 shares of the stock were exchanged, compared to its average volume of 8,286. Computershare has a one year low of $17.87 and a one year high of $29.08. The stock has a 50 day moving average price of $25.35 and a 200 day moving average price of $23.09.

About Computershare

(Get Free Report)

Computershare is a global financial services company specializing in share registry, transfer agency, and stakeholder communications services. It provides technology-driven solutions for issuing and managing equity, debt, and other financial instruments on behalf of public and private companies. The company’s offerings include investor services, employee equity plan administration, proxy solicitation, meeting services, and corporate governance support.

In addition to its core share registry business, Computershare operates a corporate trust division that administers debt securities, loan agency, and payment services for issuers, trustees, and bondholders.

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