Short Interest in Computer Task Group, Incorporated (NASDAQ:CTG) Decreases By 10.4% – MarketBeat
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Computer Task Group, Incorporated (NASDAQ:CTG – Get Rating) saw a large decline in short interest in October. As of October 31st, there was short interest totalling 26,600 shares, a decline of 10.4% from the October 15th total of 29,700 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 17,700 shares, the days-to-cover ratio is presently 1.5 days.
Computer Task Group Price Performance
NASDAQ CTG opened at $7.18 on Wednesday. Computer Task Group has a 1 year low of $6.42 and a 1 year high of $10.38. The firm has a market cap of $112.80 million, a price-to-earnings ratio of 7.72, a PEG ratio of 0.72 and a beta of 0.80. The company has a fifty day moving average price of $7.22 and a 200-day moving average price of $8.03.
Institutional Trading of Computer Task Group
Several institutional investors have recently made changes to their positions in CTG. Ritholtz Wealth Management bought a new stake in shares of Computer Task Group in the 2nd quarter worth $100,000. Bailard Inc. purchased a new position in shares of Computer Task Group in the 2nd quarter worth about $146,000. Kovack Advisors Inc. boosted its holdings in shares of Computer Task Group by 213.2% in the 3rd quarter. Kovack Advisors Inc. now owns 25,800 shares of the information technology services provider’s stock worth $173,000 after buying an additional 48,600 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Computer Task Group by 69.6% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 31,232 shares of the information technology services provider’s stock worth $267,000 after buying an additional 12,820 shares during the last quarter. Finally, Knightsbridge Asset Management LLC boosted its holdings in shares of Computer Task Group by 101.7% in the 2nd quarter. Knightsbridge Asset Management LLC now owns 63,512 shares of the information technology services provider’s stock worth $544,000 after buying an additional 32,028 shares during the last quarter. Institutional investors own 51.36% of the company’s stock.
Analysts Set New Price Targets
Separately, StockNews.com initiated coverage on shares of Computer Task Group in a research note on Friday, November 11th. They set a “buy” rating for the company.
About Computer Task Group
(Get Rating)
Computer Task Group, Incorporated, together with its subsidiaries, offers information and technology services in North America, South America, Western Europe, and India. It operates through three segments: North America IT Solutions and Services, Europe IT Solutions and Services, and Non-Strategic Technology Services.
Further Reading
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