Computershare Limited (OTCMKTS:CMSQF) Short Interest Update

Computershare Limited (OTCMKTS:CMSQF) was the target 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 daily trading volume, of 1,489 shares, the short-interest ratio is presently 164.4 days.

Computershare Price Performance

Computershare stock opened at $28.93 on Friday. Computershare has a one year low of $17.87 and a one year high of $29.08. The stock’s 50 day moving average price is $25.47 and its 200 day moving average price is $23.13.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded Computershare from a “buy” rating to a “neutral” rating in a research report on Monday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $39.50.

Computershare Company Profile

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.