TeleTech Holdings, Inc. (NASDAQ:TTEC - Get Free Report) was the target of a significant growth in short interest in the month of 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 short-interest ratio is currently 9.3 days. Currently, 17.7% of the shares of the company are sold short. Currently, 17.7% of the shares of the company are sold short. Based on an average daily volume of 374,600 shares, the short-interest ratio is currently 9.3 days.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on TTEC shares. Zacks Research upgraded TeleTech to a "hold" rating in a report on Friday, August 8th. Wall Street Zen upgraded TeleTech from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Barrington Research restated a "market perform" rating on shares of TeleTech in a report on Monday, August 18th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, TeleTech currently has an average rating of "Hold" and an average price target of $3.50.
View Our Latest Research Report on TTEC
Institutional Investors Weigh In On TeleTech
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SummerHaven Investment Management LLC raised its position in shares of TeleTech by 2.9% in the second quarter. SummerHaven Investment Management LLC now owns 135,266 shares of the business services provider's stock valued at $651,000 after buying an additional 3,760 shares in the last quarter. Barclays PLC raised its position in shares of TeleTech by 12.2% in the fourth quarter. Barclays PLC now owns 37,771 shares of the business services provider's stock valued at $189,000 after buying an additional 4,117 shares in the last quarter. Invesco Ltd. raised its position in shares of TeleTech by 4.8% in the first quarter. Invesco Ltd. now owns 91,912 shares of the business services provider's stock valued at $302,000 after buying an additional 4,231 shares in the last quarter. Engineers Gate Manager LP raised its position in TeleTech by 8.7% during the second quarter. Engineers Gate Manager LP now owns 56,826 shares of the business services provider's stock valued at $273,000 after purchasing an additional 4,532 shares in the last quarter. Finally, Quantinno Capital Management LP raised its position in TeleTech by 24.2% during the fourth quarter. Quantinno Capital Management LP now owns 25,561 shares of the business services provider's stock valued at $128,000 after purchasing an additional 4,981 shares in the last quarter. 38.03% of the stock is currently owned by institutional investors and hedge funds.
TeleTech Price Performance
Shares of NASDAQ TTEC traded down $0.05 during midday trading on Wednesday, reaching $3.70. The company's stock had a trading volume of 290,219 shares, compared to its average volume of 283,726. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.77 and a current ratio of 1.77. TeleTech has a fifty-two week low of $2.67 and a fifty-two week high of $6.28. The business's 50 day moving average price is $4.23 and its two-hundred day moving average price is $4.26. The company has a market cap of $179.30 million, a P/E ratio of -6.85, a P/E/G ratio of 0.40 and a beta of 1.18.
TeleTech Company Profile
(
Get Free Report)
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.
Further Reading
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