TeamViewer AG (OTCMKTS:TMVWY) Short Interest Update

TeamViewer AG (OTCMKTS:TMVWY) saw a large increase in short interest in May. As of May 28th, there was short interest totalling 7,400 shares, an increase of 3,600.0% from the May 13th total of 200 shares. Based on an average trading volume of 74,100 shares, the days-to-cover ratio is currently 0.1 days.

Shares of OTCMKTS:TMVWY traded down $0.33 during midday trading on Friday, reaching $18.42. The company’s stock had a trading volume of 47,825 shares, compared to its average volume of 58,497. The stock has a 50 day moving average of $20.99. TeamViewer has a fifty-two week low of $18.12 and a fifty-two week high of $30.95.

TMVWY has been the topic of several recent research reports. DZ Bank reissued a “buy” rating on shares of TeamViewer in a report on Tuesday, May 4th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of TeamViewer in a report on Monday, March 22nd. Morgan Stanley reaffirmed an “overweight” rating on shares of TeamViewer in a report on Wednesday, May 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of TeamViewer in a report on Wednesday, May 5th. Finally, Berenberg Bank reaffirmed a “buy” rating on shares of TeamViewer in a report on Wednesday, March 24th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy”.

About TeamViewer

TeamViewer AG, together with its subsidiaries, develops and distributes remote connectivity solutions worldwide. The company's products include TeamViewer, a comprehensive remote access, remote control, and remote support solution that works with every desktop and mobile platform; TeamViewer Tensor, an enterprise remote connectivity cloud platform enabling organizations to deploy a large-scale IT management framework to access, support, and control any device or machine quickly and easily from anywhere at anytime; TeamViewer Pilot that enhances remote support with augmented reality; and TeamViewer IoT, which enables to instantly connect, monitor, and operate machines and devices securely from anywhere.

Further Reading: What is Cost of Goods Sold (COGS)?

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