Computershare Limited (OTCMKTS:CMSQF) Short Interest Update

Computershare Limited (OTCMKTS:CMSQF) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 244,798 shares, a decline of 35.0% from the June 15th total of 376,640 shares. Based on an average trading volume of 1,489 shares, the days-to-cover ratio is presently 164.4 days.

Computershare Trading Down 8.6%

Computershare stock traded down $2.48 on Friday, hitting $26.34. The company’s stock had a trading volume of 457 shares, compared to its average volume of 8,286. Computershare has a one year low of $17.87 and a one year high of $29.08. The company has a fifty day moving average price of $25.35 and a 200-day moving average price of $23.09.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered Computershare from a “buy” rating to a “neutral” rating in a report on Monday. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Computershare presently has an average rating of “Moderate Buy” and an average price target of $39.50.

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.