Computershare Limited (OTCMKTS:CMSQF) Short Interest Down 45.8% in July

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

Analyst Upgrades and Downgrades

Separately, Citigroup lowered shares of Computershare from a “buy” rating to a “neutral” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $39.50.

Computershare Stock Up 7.8%

Shares of CMSQF opened at $28.77 on Tuesday. The company’s 50 day moving average price is $27.50 and its 200 day moving average price is $23.87. Computershare has a 52 week low of $17.87 and a 52 week high of $31.83.

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.