Short Interest in Afterpay Touch Group Limited (OTCMKTS:AFTPF) Grows By 909.4%

Afterpay Touch Group Limited (OTCMKTS:AFTPF) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 1,362,700 shares, a growth 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 presently 57.7 days.

OTCMKTS AFTPF opened at $53.44 on Monday. Afterpay Touch Group has a one year low of $5.16 and a one year high of $67.38. The stock has a 50 day moving average price of $56.21 and a 200-day moving average price of $36.41.

Separately, Morgan Stanley upgraded Afterpay Touch Group from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, July 8th.

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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