What’s Ahead for Convergys Corporation (NYSE:CVG) After Less Shorted Shares?

May 24, 2018 - By Clifton Ray

Convergys Corporation (NYSE:CVG) Logo

Investors sentiment decreased to 1 in 2017 Q4. Its down 0.09, from 1.09 in 2017Q3. It worsened, as 18 investors sold Convergys Corporation shares while 84 reduced holdings. 38 funds opened positions while 64 raised stakes. 88.84 million shares or 5.72% less from 94.23 million shares in 2017Q3 were reported.
Mason Street Advisors Ltd Liability Corporation holds 0.02% or 45,528 shares. 173,880 are owned by Paradigm Capital Mngmt New York. James Rech holds 181,037 shares or 0.15% of its portfolio. The Vermont-based Manchester Cap Mngmt Ltd Liability has invested 0% in Convergys Corporation (NYSE:CVG). Gsa Partners Llp owns 17,522 shares for 0.03% of their portfolio. Northwestern Mutual Wealth Com invested in 3,989 shares. Strs Ohio accumulated 2,200 shares. Stone Ridge Asset Mngmt Limited Liability Company reported 0.09% stake. Smithfield Trust Company holds 1,240 shares or 0% of its portfolio. Ing Groep Nv has 0.01% invested in Convergys Corporation (NYSE:CVG). Great West Life Assurance Can has invested 0% of its portfolio in Convergys Corporation (NYSE:CVG). Tudor Inv Et Al owns 55,253 shares for 0.03% of their portfolio. 129,725 were reported by Hsbc Hldgs Pcl. 27,651 are owned by Campbell & Inv Adviser Lc. Sei Invs reported 0% of its portfolio in Convergys Corporation (NYSE:CVG).

Since March 5, 2018, it had 0 buys, and 2 selling transactions for $777,901 activity. Ayers Andrea J. sold 30,000 shares worth $697,413.

The stock of Convergys Corporation (NYSE:CVG) registered a decrease of 10.17% in short interest. CVG’s total short interest was 6.86 million shares in May as published by FINRA. Its down 10.17% from 7.63 million shares, reported previously. With 591,600 shares average volume, it will take short sellers 12 days to cover their CVG’s short positions. The short interest to Convergys Corporation’s float is 7.51%.

The stock decreased 0.84% or $0.2 during the last trading session, reaching $23.71. About 50,587 shares traded. Convergys Corporation (NYSE:CVG) has risen 7.77% since May 24, 2017 and is uptrending. It has underperformed by 3.78% the S&P500.

Convergys Corporation provides customer management services to communications and media, technology, financial services, retail, and healthcare industries in North America and internationally. The company has market cap of $2.17 billion. The firm offers solutions across the customer lifecycle, including sales, customer service, technical support, customer retention, and collection services; and solutions in contact center technology comprising multichannel interaction, cross-channel integration framework, real-time decisioning engine, robotic process automation, intelligent notification, campaign management, personalized care, personalized selling, agent productivity, and retention solutions. It has a 19.43 P/E ratio. It also provides analytics and consulting, and software solutions, including integrated customer experience analytics, post-contact surveys, relational loyalty research, customer segmentation and profiling, call elimination analysis, analysis of customer effort, digital channel optimization, and integrated contact center analytics solutions, as well as voice of customer SaaS software for measuring customer satisfaction.

Convergys Corporation (NYSE:CVG) Ratings Coverage

Among 2 analysts covering Convergys Corp (NYSE:CVG), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Convergys Corp had 3 analyst reports since January 25, 2018 according to SRatingsIntel. As per Thursday, January 25, the company rating was maintained by Robert W. Baird. The firm earned “Hold” rating on Thursday, February 22 by Robert W. Baird.

Convergys Corporation (NYSE:CVG) Institutional Positions Chart

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