Short Interest in Computershare Limited (OTCMKTS:CMSQF) Declines By 45.8%

Computershare Limited (OTCMKTS:CMSQF) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 102,685 shares, a drop 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 currently 88.0 days.

Analyst Ratings Changes

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

Computershare Price Performance

Shares of CMSQF stock opened at $26.68 on Monday. The company has a 50-day simple moving average of $27.43 and a 200 day simple moving average of $23.84. Computershare has a 52 week low of $17.87 and a 52 week high of $31.83.

About Computershare

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.