Computershare Limited (OTCMKTS:CMSQF) Sees Significant Decline in Short Interest

Computershare Limited (OTCMKTS:CMSQF) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 244,798 shares, a decrease of 35.0% from the June 15th total of 376,640 shares. Based on an average trading volume of 1,489 shares, the short-interest ratio is presently 164.4 days.

Analysts Set New Price Targets

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

Computershare Stock Up 0.4%

Shares of Computershare stock opened at $28.93 on Friday. The firm’s 50-day moving average price is $25.47 and its two-hundred day moving average price is $23.13. Computershare has a 1-year low of $17.87 and a 1-year high of $29.08.

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.