Short Interest in TeleTech Holdings, Inc. (NASDAQ:TTEC) Expands By 27.6%

TeleTech Holdings, Inc. (NASDAQ:TTEC) saw a large growth in short interest in August. As of August 15th, there was short interest totaling 3,470,000 shares, a growth of 27.6% from the July 31st total of 2,720,000 shares. Based on an average daily volume of 374,600 shares, the days-to-cover ratio is presently 9.3 days. Currently, 17.7% of the shares of the company are short sold. Currently, 17.7% of the shares of the company are short sold. Based on an average daily volume of 374,600 shares, the days-to-cover ratio is presently 9.3 days.

TeleTech Price Performance

TTEC stock opened at $3.70 on Thursday. The firm has a 50 day moving average of $4.23 and a 200-day moving average of $4.26. TeleTech has a 12-month low of $2.67 and a 12-month high of $6.28. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.99. The company has a market cap of $179.30 million, a price-to-earnings ratio of -6.85, a PEG ratio of 0.40 and a beta of 1.18.

Analyst Ratings Changes

TTEC has been the topic of a number of analyst reports. Zacks Research raised TeleTech to a “hold” rating in a report on Friday, August 8th. Barrington Research reaffirmed a “market perform” rating on shares of TeleTech in a report on Monday, August 18th. Finally, Wall Street Zen raised TeleTech from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $3.50.

Institutional Investors Weigh In On TeleTech

Hedge funds and other institutional investors have recently modified their holdings of the stock. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of TeleTech during the 2nd quarter valued at approximately $39,000. Harvest Management LLC acquired a new stake in shares of TeleTech during the 2nd quarter valued at approximately $48,000. Shay Capital LLC acquired a new stake in shares of TeleTech during the 4th quarter valued at approximately $86,000. AE Wealth Management LLC increased its stake in shares of TeleTech by 27.1% during the 1st quarter. AE Wealth Management LLC now owns 26,048 shares of the business services provider’s stock worth $86,000 after purchasing an additional 5,560 shares in the last quarter. Finally, Toronto Dominion Bank purchased a new position in shares of TeleTech during the 4th quarter worth approximately $117,000. 38.03% of the stock is currently owned by institutional investors and hedge funds.

About TeleTech

TTEC Holdings, Inc operates as a customer experience (CX) company that designs, builds, and operates technology-enabled customer experiences across digital and live interaction channels. It operates through two segments, TTEC Digital and TTEC Engage. The TTEC Digital segment provides CX technologies for contact center as a service, customer relationship management, and artificial intelligence (AI) and analytics; creates and implements strategic CX transformation roadmaps; sells, operates, and provides managed services for cloud platforms and premise based CX technologies; creates proprietary IP to support industry specific and custom client needs; and offers CX consulting services.