TeleTech Holdings, Inc. (NASDAQ:TTEC) Short Interest Update

TeleTech Holdings, Inc. (NASDAQ:TTEC - Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 15th, there was short interest totaling 3,470,000 shares, an increase of 27.6% from the July 31st total of 2,720,000 shares. Based on an average daily trading volume, of 374,600 shares, the days-to-cover ratio is presently 9.3 days. Currently, 17.7% of the shares of the stock are short sold. Currently, 17.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 374,600 shares, the days-to-cover ratio is presently 9.3 days.

Institutional Investors Weigh In On TeleTech

Institutional investors have recently added to or reduced their stakes in the business. Skandinaviska Enskilda Banken AB publ purchased a new stake in TeleTech during the second quarter valued at about $39,000. Harvest Management LLC purchased a new stake in TeleTech during the second quarter valued at about $48,000. Shay Capital LLC purchased a new stake in TeleTech during the fourth quarter valued at about $86,000. AE Wealth Management LLC lifted its holdings in TeleTech by 27.1% during the first quarter. AE Wealth Management LLC now owns 26,048 shares of the business services provider's stock valued at $86,000 after purchasing an additional 5,560 shares during the last quarter. Finally, Toronto Dominion Bank purchased a new stake in TeleTech during the fourth quarter valued at about $117,000. 38.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Zacks Research upgraded shares of TeleTech to a "hold" rating in a research report on Friday, August 8th. Wall Street Zen upgraded shares of TeleTech from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Barrington Research restated a "market perform" rating on shares of TeleTech in a research note on Monday, August 18th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $3.50.

TeleTech Stock Performance

Shares of NASDAQ:TTEC traded down $0.12 during midday trading on Friday, reaching $3.57. The company had a trading volume of 452,593 shares, compared to its average volume of 280,183. The stock has a market cap of $173.00 million, a P/E ratio of -6.61, a P/E/G ratio of 0.39 and a beta of 1.18. TeleTech has a 52-week low of $2.67 and a 52-week high of $6.28. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.99. The company's 50 day moving average price is $4.17 and its 200 day moving average price is $4.26.

About TeleTech

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.