Afterpay Touch Group Limited (OTCMKTS:AFTPF) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 1,362,700 shares, an increase of 909.4% from the August 31st total of 135,000 shares. Based on an average daily volume of 23,600 shares, the days-to-cover ratio is currently 57.7 days.
Separately, Morgan Stanley upgraded shares of Afterpay Touch Group from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, July 8th.
Shares of Afterpay Touch Group stock opened at $53.44 on Monday. Afterpay Touch Group has a 1 year low of $5.16 and a 1 year high of $67.38. The company has a 50 day simple moving average of $56.21 and a two-hundred day simple moving average of $36.41.
About Afterpay Touch Group
Afterpay Touch Group Limited operates as a payments company in Australia. The company offers a customer centric, omni channel retail service that facilitates commerce between retail merchants and their end-customers through a platform, which allows retail merchants to offer customers the ability to buy products on a ‘buy now, receive now, pay later' basis.
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