Short Interest in TMX Group Limited (OTCMKTS:TMXXF) Increases By 54.2%

TMX Group Limited (OTCMKTS:TMXXF) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 3,971,842 shares, an increase of 54.2% from the July 15th total of 2,575,841 shares. Based on an average daily volume of 135,217 shares, the days-to-cover ratio is presently 29.4 days.

TMX Group Stock Down 0.5%

Shares of OTCMKTS TMXXF opened at $38.29 on Wednesday. The firm’s 50-day moving average price is $35.53 and its 200-day moving average price is $36.20. TMX Group has a 52-week low of $31.66 and a 52-week high of $41.94.

Wall Street Analyst Weigh In

TMXXF has been the topic of a number of recent analyst reports. BMO Capital Markets reiterated an “outperform” rating on shares of TMX Group in a report on Wednesday, May 6th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TMX Group in a research report on Thursday, April 23rd. National Bank Financial upgraded TMX Group from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 27th. Canadian Imperial Bank of Commerce initiated coverage on TMX Group in a report on Monday. They issued an “outperform” rating for the company. Finally, Scotiabank restated an “outperform” rating on shares of TMX Group in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

About TMX Group

TMX Group Limited operates Canada’s premier financial infrastructure that supports capital markets for listing, trading, clearing, settlement and information services. As a holding company, TMX Group’s principal businesses include the Toronto Stock Exchange (TSX), TSX Venture Exchange (TSXV), Montréal Exchange (MX), and Canadian Depository for Securities (CDS). These platforms facilitate equity and derivatives trading, debt issuance, exchange-traded funds and a broad spectrum of structured products.

Through its marketplace operations, TMX Group offers issuers access to public capital, while providing investors with deep liquidity and a diverse range of listed instruments.