MER Telemanagement Solutions Ltd. (NASDAQ:MTSL) Sees Large Drop in Short Interest

MER Telemanagement Solutions Ltd. (NASDAQ:MTSL) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totalling 34,300 shares, a drop of 39.6% from the May 30th total of 56,800 shares. Based on an average trading volume of 64,200 shares, the short-interest ratio is presently 0.5 days. Currently, 1.3% of the company’s stock are short sold.

Shares of NASDAQ:MTSL traded down $0.05 during midday trading on Friday, hitting $1.05. 100 shares of the stock were exchanged, compared to its average volume of 35,486. MER Telemanagement Solutions has a 52-week low of $0.72 and a 52-week high of $6.45. The stock’s fifty day moving average is $1.05.

About MER Telemanagement Solutions

Mer Telemanagement Solutions Ltd. provides solutions for telecommunications expense management (TEM), and CA and enterprise mobility management worldwide. It offers TEM suite software platform that helps organizations to reduce operational expenses, enhance productivity, and optimize networks and services associated with communications networks and information technology (IT).

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