Coveo Solutions Inc. (OTCMKTS:CVOSF) Short Interest Update

Coveo Solutions Inc. (OTCMKTS:CVOSF) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 41,400 shares, a drop of 14.8% from the August 15th total of 48,600 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is currently 59.1 days.

Wall Street Analysts Forecast Growth

CVOSF has been the topic of several analyst reports. National Bank Financial raised their price objective on Coveo Solutions from C$11.00 to C$14.00 in a report on Wednesday, August 9th. BMO Capital Markets raised their price objective on Coveo Solutions from C$12.00 to C$13.50 in a report on Monday, September 11th. Finally, Royal Bank of Canada lifted their target price on Coveo Solutions from C$11.00 to C$13.00 in a report on Wednesday, August 9th.

Coveo Solutions Stock Performance

Coveo Solutions stock remained flat at $7.79 during midday trading on Monday. The company had a trading volume of 581 shares, compared to its average volume of 6,508. Coveo Solutions has a 52-week low of $5.02 and a 52-week high of $8.25. The firm has a fifty day moving average price of $7.68 and a 200-day moving average price of $6.15.

Coveo Solutions Company Profile

Coveo Solutions Inc provides applied artificial intelligence (AI) solutions. Its cloud-native, multi-tenant software as a service (SaaS) platform is the intelligence layer that injects search, recommendations, and personalization solutions into digital experiences to provide connected relevance for various-use cases across commerce, service, website, and workplace applications.