TeamViewer SE (OTCMKTS:TMVWY) Sees Large Growth in Short Interest

TeamViewer SE (OTCMKTS:TMVWY) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 918 shares, an increase of 48.3% from the August 31st total of 619 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 77 shares, the days-to-cover ratio is currently 11.9 days.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Zacks Research raised shares of TeamViewer to a “hold” rating in a research report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of TeamViewer in a research note on Wednesday, July 29th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

TeamViewer Stock Performance

TMVWY stock opened at $3.40 on Friday. The company’s 50 day moving average price is $3.66 and its 200 day moving average price is $3.20. TeamViewer has a fifty-two week low of $2.40 and a fifty-two week high of $5.17.

About TeamViewer

TeamViewer SE is a Germany-based software company that provides secure remote connectivity and digital workplace solutions. Its platform enables users to access and control computers and other devices remotely, provide technical support, collaborate with colleagues, and manage IT environments from a distance.

The company’s offerings include TeamViewer Remote for remote access and support, enterprise-oriented solutions such as TeamViewer Tensor, and remote monitoring and management tools for IT departments and managed service providers.