Short Interest in Evertz Technologies Limited (OTCMKTS:EVTZF) Rises By 35.8%

Evertz Technologies Limited (OTCMKTS:EVTZF) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 11,000 shares, a growth of 35.8% from the March 15th total of 8,100 shares. Based on an average daily volume of 500 shares, the days-to-cover ratio is presently 22.0 days.

Evertz Technologies Stock Performance

OTCMKTS EVTZF remained flat at $10.69 during trading on Friday. The firm’s 50 day simple moving average is $10.77 and its 200-day simple moving average is $10.11. Evertz Technologies has a one year low of $8.40 and a one year high of $11.12.

Analyst Ratings Changes

Separately, Canaccord Genuity Group upped their price target on shares of Evertz Technologies from $19.00 to $19.50 and gave the stock a “buy” rating in a research note on Monday, March 18th.

Evertz Technologies Company Profile

Evertz Technologies Limited engages in the design, manufacture, and distribution of video and audio infrastructure solutions for the production, post-production, broadcast, and telecommunications markets in Canada, the United States, and internationally. The company offers contribution and distribution encoder, decoder, receiver, and processing products; and control panels, intelligent operations and controls, big data analytics, and network management systems, as well as orchestration, monitoring, and analytics solutions.