Open Text Co. ( NASDAQ:OTEX – Get Rating ) (TSE:OTC) was the target of a large drop in short interest in February. As of February 15th, there was short interest totalling 3,250,000 shares, a drop of 17.9% from the January 31st total of 3,960,000 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 654,800 shares, the days-to-cover ratio is presently 5.0 days. Open Text Trading Up 2.9 % NASDAQ OTEX opened at $35.28 on Friday. The company's 50-day moving average price is $33.

https://www.dailypolitical.com/2023/03/05/short-interest-in-open-text-co-nasdaqotex-drops-by-17-9.html

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