Evertz Technologies Limited (OTCMKTS:EVTZF) Sees Large Growth in Short Interest

Evertz Technologies Limited (OTCMKTS:EVTZF) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 199,934 shares, a growth of 68.1% from the September 30th total of 118,913 shares. Based on an average daily trading volume, of 6,841 shares, the days-to-cover ratio is presently 29.2 days.

Evertz Technologies Stock Performance

Shares of OTCMKTS:EVTZF opened at $9.70 on Monday. Evertz Technologies has a 52-week low of $8.41 and a 52-week high of $14.72. The business has a 50-day moving average price of $9.78 and a 200-day moving average price of $11.21.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on EVTZF shares. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Evertz Technologies in a research note on Tuesday, September 15th. BMO Capital Markets restated an “outperform” rating on shares of Evertz Technologies in a research note on Tuesday, September 15th. 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, Evertz Technologies has a consensus rating of “Moderate Buy”.

Evertz Technologies Company Profile

Evertz Technologies Ltd. is a Canadian provider of equipment, software and services for the broadcast, media and entertainment industries. The company designs, develops, manufactures and supports technologies used to create, manage, process, route, monitor and distribute video and audio content.

Its product portfolio includes broadcast infrastructure, video and audio processing systems, routing and master control solutions, signal monitoring and measurement equipment, newsroom and production technologies, and tools for media asset management and content distribution.