Temenos AG (OTCMKTS:TMSNY – Get Rating) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 3,500 shares, an increase of 288.9% from the March 15th total of 900 shares. Based on an average daily volume of 22,500 shares, the days-to-cover ratio is presently 0.2 days.
TMSNY has been the topic of a number of analyst reports. UBS Group decreased their target price on shares of Temenos from CHF 93 to CHF 84.50 and set a “sell” rating on the stock in a research report on Tuesday. Morgan Stanley decreased their target price on shares of Temenos from CHF 111 to CHF 95 in a research report on Monday, March 28th. Credit Suisse Group cut shares of Temenos from a “neutral” rating to an “underperform” rating in a research report on Thursday, March 31st. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Temenos from CHF 110 to CHF 100 in a research report on Monday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Temenos from CHF 165 to CHF 135 and set an “overweight” rating on the stock in a research report on Thursday, February 17th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Temenos presently has an average rating of “Hold” and an average price target of $113.81.
TMSNY stock opened at $94.27 on Friday. The firm’s 50-day moving average price is $100.41 and its two-hundred day moving average price is $123.34. Temenos has a 12-month low of $81.96 and a 12-month high of $170.18.
Temenos AG is a holding company, which engages in the development, marketing, and sale of banking software systems. It operates through the Products and Services segments. The Product segment markets, licenses, and provides software solutions and subscription arrangements. The Services segment offers consulting and training activities.
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