TMX Group Limited (OTCMKTS:TMXXF – Get Rating) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 112,900 shares, a drop of 37.5% from the August 15th total of 180,600 shares. Based on an average daily volume of 1,300 shares, the short-interest ratio is currently 86.8 days.

Wall Street Analyst Weigh In

TMXXF has been the subject of several recent research reports. National Bank Financial lifted their target price on shares of TMX Group from C$138.00 to C$143.00 in a report on Friday, July 29th. BMO Capital Markets reduced their price target on shares of TMX Group from C$151.00 to C$147.00 in a research report on Tuesday, July 19th. Scotiabank raised their price target on shares of TMX Group from C$150.00 to C$155.00 in a research report on Tuesday, August 2nd. Royal Bank of Canada raised their price target on shares of TMX Group from C$159.00 to C$160.00 in a research report on Friday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of TMX Group from C$150.00 to C$148.00 in a research report on Wednesday, July 13th.

TMX Group Stock Down 0.2 %

OTCMKTS:TMXXF opened at $99.77 on Friday. The company has a 50 day simple moving average of $100.16 and a two-hundred day simple moving average of $102.56. TMX Group has a 12 month low of $95.32 and a 12 month high of $111.13.

About TMX Group

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada and internationally. The company operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading and Clearing; and Equities and Fixed Income Trading & Clearing.

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