Tecsys Inc. (OTCMKTS:TCYSF) Sees Significant Drop in Short Interest

Tecsys Inc. (OTCMKTS:TCYSF) was the target of a large drop in short interest in August. As of August 31st, there was short interest totalling 32,000 shares, a drop of 21.6% from the August 15th total of 40,800 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

Shares of Tecsys stock opened at $44.09 on Wednesday. The stock has a 50 day moving average price of $37.40 and a 200-day moving average price of $36.22. Tecsys has a one year low of $23.44 and a one year high of $50.09.

Separately, National Bank Financial raised their price target on Tecsys from C$55.00 to C$65.00 and gave the company an “outperform” rating in a report on Friday, September 10th.

About Tecsys

TECSYS, Inc engages in the development and marketing of enterprise wide distribution software and related services. Its supply chain execution applications include warehouse-centric, warehouse, distribution, and transportation management, as well as financial management and analytics solutions. It operates through the following geographical segments: Canada, Unites States, Europe, & Other.

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