Short Interest in Computershare Limited (OTCMKTS:CMSQF) Drops By 45.8%

Computershare Limited (OTCMKTS:CMSQF) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 102,685 shares, a decline of 45.8% from the July 15th total of 189,315 shares. Based on an average daily trading volume, of 1,167 shares, the days-to-cover ratio is presently 88.0 days.

Wall Street Analyst Weigh In

Separately, Citigroup cut shares of Computershare from a “buy” rating to a “neutral” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.50.

Computershare Price Performance

Shares of CMSQF stock opened at $26.53 on Wednesday. Computershare has a 12-month low of $17.87 and a 12-month high of $31.83. The firm has a fifty day moving average of $27.54 and a 200-day moving average of $23.88.

Computershare Company Profile

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.