Evertz Technologies Limited (OTCMKTS:EVTZF – Get Free Report) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 26,800 shares, an increase of 133.0% from the June 15th total of 11,500 shares. Based on an average daily volume of 1,100 shares, the days-to-cover ratio is presently 24.4 days.
Evertz Technologies Stock Performance
EVTZF stock opened at $9.01 on Friday. Evertz Technologies has a twelve month low of $8.85 and a twelve month high of $11.87. The stock’s 50 day moving average is $9.99 and its 200-day moving average is $10.37.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group raised their price objective on shares of Evertz Technologies from $19.00 to $19.50 and gave the company a “buy” rating in a research note on Monday, March 18th.
About Evertz Technologies
Evertz Technologies Limited engages in the design, manufacture, and distribution of video and audio infrastructure solutions for the production, post-production, broadcast, and telecommunications markets in Canada, the United States, and internationally. The company offers contribution and distribution encoder, decoder, receiver, and processing products; and control panels, intelligent operations and controls, big data analytics, and network management systems, as well as orchestration, monitoring, and analytics solutions.
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