Information Services Co. (OTCMKTS:IRMTF – Get Free Report) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 5,906 shares, an increase of 156.1% from the May 14th total of 2,306 shares. Based on an average daily trading volume, of 194 shares, the short-interest ratio is currently 30.4 days.
Information Services Price Performance
Shares of Information Services stock remained flat at $36.38 during trading on Friday. The stock had a trading volume of 31,380 shares, compared to its average volume of 427. The firm’s 50-day moving average price is $34.13 and its two-hundred day moving average price is $33.01. Information Services has a 52-week low of $22.86 and a 52-week high of $36.83.
Analysts Set New Price Targets
A number of equities analysts recently commented on IRMTF shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Information Services in a report on Wednesday, June 3rd. Raymond James Financial cut Information Services to a “market perform” rating in a report on Tuesday, May 19th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.
Information Services Company Profile
Information Services Corporation provides registry and information management services for public data and records in Canada. It operates through three segments: Registry Operations, Services, and Technology Solutions. The company provides land titles registry services that issues titles to land and registers transactions affecting titles; land survey services, which registers land survey plans and creates a representation of Saskatchewan land parcels in the cadastral parcel mapping system; and geomatics services that manages geographic data in relation to the cadastral parcel mapping system.
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