Temenos AG (OTCMKTS:TMSNY) Short Interest Up 119.4% in May

Temenos AG (OTCMKTS:TMSNY – Get Rating) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 6,800 shares, an increase of 119.4% from the April 30th total of 3,100 shares. Based on an average trading volume of 38,500 shares, the days-to-cover ratio is currently 0.2 days.

Shares of OTCMKTS:TMSNY opened at $98.43 on Friday. Temenos has a 1 year low of $81.96 and a 1 year high of $170.18. The business has a 50 day simple moving average of $98.22 and a two-hundred day simple moving average of $113.54.

The company also recently declared a dividend, which will be paid on Monday, June 13th. Investors of record on Monday, May 30th will be issued a $0.6048 dividend. The ex-dividend date of this dividend is Friday, May 27th. This represents a dividend yield of 0.59%.

TMSNY has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reduced their target price on Temenos from CHF 110 to CHF 100 in a report on Monday, April 11th. UBS Group reduced their target price on Temenos from CHF 93 to CHF 84.50 and set a “sell” rating on the stock in a report on Tuesday, April 12th. JPMorgan Chase & Co. reduced their target price on Temenos from CHF 135 to CHF 125 and set an “overweight” rating on the stock in a report on Tuesday, May 3rd. Credit Suisse Group lifted their target price on Temenos from CHF 87 to CHF 89 and gave the stock an “underperform” rating in a report on Wednesday, April 27th. Finally, Morgan Stanley reduced their target price on Temenos from CHF 111 to CHF 95 in a report on Monday, March 28th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Temenos currently has an average rating of “Hold” and a consensus target price of $98.70.

Temenos Company Profile (Get Rating)

Temenos AG develops, markets, and sells integrated banking software systems to banking and other financial institutions worldwide. The company provides Temenos Transact, a banking solution that offers banking software, and data and analytics; and Temenos Payments, a payment solution that gives banks real-time control, customer service experience, and cost efficiencies and risk management solutions.

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