Short Interest in Constellation Software Inc. (OTCMKTS:CNSWF) Declines By 15.0%

Constellation Software Inc. (OTCMKTS:CNSWF – Get Rating) was the target of a significant decrease in short interest in the month of December. As of December 30th, there was short interest totalling 101,700 shares, a decrease of 15.0% from the December 15th total of 119,600 shares. Based on an average trading volume of 900 shares, the days-to-cover ratio is presently 113.0 days.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CNSWF. National Bank Financial raised Constellation Software from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 20th. Raymond James decreased their price target on Constellation Software from C$2,400.00 to C$2,250.00 in a report on Monday, November 7th. Finally, BMO Capital Markets decreased their price target on Constellation Software from C$2,450.00 to C$2,250.00 in a report on Monday, November 7th.

Constellation Software Price Performance

Shares of OTCMKTS CNSWF opened at $1,736.80 on Friday. Constellation Software has a 1-year low of $1,280.00 and a 1-year high of $1,850.16. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.63 and a quick ratio of 0.61. The stock has a fifty day moving average price of $1,581.10 and a 200 day moving average price of $1,531.80. The company has a market cap of $36.81 billion, a PE ratio of 73.90 and a beta of 1.00.

Constellation Software (OTCMKTS:CNSWF – Get Rating) last released its earnings results on Friday, November 4th. The company reported $13.02 EPS for the quarter. Constellation Software had a return on equity of 65.94% and a net margin of 7.86%. The company had revenue of $1.73 billion during the quarter.

About Constellation Software

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Constellation Software Inc, together with its subsidiaries, acquires, builds, and manages vertical market software businesses in Canada, the United States, the United Kingdom, and rest of Europe. Its industry specific software businesses provide specialized and mission-critical software solutions. The company serves public and private sector markets.