Short Interest in TEMENOS GROUP (OTCMKTS:TMSNY) Decreases By 50.0%

Key Points

• Short interest in TEMENOS GROUP decreased by 50.0% in September, falling from 1,200 shares to just 600 shares.
• Despite this decline, the company's stock price increased by 0.8% to $78.43 during midday trading on Monday.
• Zacks Research has downgraded TEMENOS GROUP's rating from a "strong-buy" to a "hold," reflecting caution among analysts.

TEMENOS GROUP (OTCMKTS:TMSNY - Get Free Report) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 600 shares, a drop of 50.0% from the September 15th total of 1,200 shares. Based on an average daily trading volume, of 11,600 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 11,600 shares, the days-to-cover ratio is currently 0.1 days.

TEMENOS GROUP Trading Up 0.8%

TMSNY traded up $0.63 during midday trading on Monday, hitting $78.43. 100 shares of the company traded hands, compared to its average volume of 5,216. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.53 and a current ratio of 0.53. TEMENOS GROUP has a 52-week low of $63.06 and a 52-week high of $93.20. The business has a 50 day simple moving average of $83.61 and a two-hundred day simple moving average of $78.92.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of TEMENOS GROUP from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 23rd. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of "Hold".

TEMENOS GROUP Company Profile

Temenos AG develops, markets, and sells integrated banking software systems to banking and other financial institutions worldwide. Its Temenos Banking Cloud helps banks to offer open banking services. The company provides Temenos Infinity, a digital banking platform; Temenos Transact, a core banking software for retail, corporate, treasury, wealth, and payments; Temenos Payments, a software-as-a-service payments technology; Temenos Multifonds, a platform for traditional and alternative funds, as well as offers key asset servicing, position keeping, valuation and accounting functions for various structures of pooled vehicles and funds; Temenos Multifonds Navigator, a net asset value shadow, oversight, and contingency solution; and Temenos Quantum, a multi-experience development platform.

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