Short Interest in Temenos Group (OTCMKTS:TMSNY) Decreases By 65.3%

Temenos Group (OTCMKTS:TMSNY) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 59 shares, a drop of 65.3% from the May 14th total of 170 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 4,884 shares, the days-to-cover ratio is presently 0.0 days.

Temenos Group Stock Down 2.3%

TMSNY opened at $80.97 on Friday. The business’s fifty day moving average is $91.07 and its two-hundred day moving average is $92.48. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 53.27, a PEG ratio of 1.66 and a beta of 0.74. Temenos Group has a one year low of $70.21 and a one year high of $107.27.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Citigroup upgraded Temenos Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 14th. Berenberg Bank upgraded Temenos Group to a “hold” rating in a research note on Friday, March 20th. Finally, Barclays upgraded Temenos Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 4th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Temenos Group Company Profile

Temenos Group is a leading provider of banking software systems, specializing in core banking platforms and digital front‐end solutions for financial institutions worldwide. The company’s flagship product, Temenos Transact, delivers end‐to‐end core banking functionality, enabling banks to manage accounts, deposits, loans and payments on a unified platform. Complementing this offering, Temenos Infinity provides digital banking capabilities, including online and mobile channels, customer onboarding, relationship management and analytics tools designed to enhance customer engagement and operational efficiency.

Founded in Geneva in 1993, Temenos serves more than 3,000 financial institutions across over 150 countries, ranging from community banks and credit unions to global systemically important banks.