Avast plc (OTCMKTS:AVASF) Short Interest Up 12.9% in August

Avast plc (OTCMKTS:AVASFGet Rating) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 9,600 shares, a growth of 12.9% from the August 15th total of 8,500 shares. Based on an average trading volume of 600 shares, the short-interest ratio is presently 16.0 days.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AVASF shares. HSBC cut Avast from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Morgan Stanley decreased their price target on Avast from GBX 570 ($6.89) to GBX 515 ($6.22) in a research report on Thursday, July 14th.

Avast Trading Up 1.1 %

Shares of AVASF opened at $8.02 on Monday. The business’s 50-day moving average price is $7.47 and its 200-day moving average price is $7.12. Avast has a twelve month low of $5.58 and a twelve month high of $9.71.

About Avast

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Avast Plc, together with its subsidiaries, provides cybersecurity services under the Avast brand name the United States, the United Kingdom, France, Germany, and internationally. The company operates through two segments, Consumer; and Small and Medium-sized Business (SMB). It offers desktop security and mobile device protection products; value-added solutions for performance, privacy, and other tools; and web browsing, third-party software distribution, e-commerce tool, mobile advertising, and other IT managed solutions, as well as security and protection solutions for small and medium sized business customers.

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