Capita plc (OTCMKTS:CTAGF) Sees Significant Decrease in Short Interest

Capita plc (OTCMKTS:CTAGF) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 290,928 shares, a decline of 40.9% from the July 30th total of 491,857 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Capita in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Capita currently has a consensus rating of “Hold”.

Capita Stock Performance

CTAGF stock opened at $3.50 on Monday. The company has a fifty day moving average of $3.50 and a 200-day moving average of $3.56. Capita has a one year low of $3.50 and a one year high of $4.35.

About Capita

Capita PLC (OTCMKTS: CTAGF) is a leading provider of professional services and business process outsourcing (BPO) solutions. The company partners with public- and private-sector organizations to deliver a range of managed services, from customer engagement and digital transformation to finance, HR, property and procurement. Capita’s offerings are designed to help clients streamline operations, reduce costs and improve service delivery through the adoption of technology, process optimisation and specialist expertise.

Core service areas include customer contact and support, IT infrastructure and application management, software development, and back-office administration.