Information Services Co. (OTCMKTS:IRMTF) Short Interest Update

Information Services Co. (OTCMKTS:IRMTF) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 72,606 shares, an increase of 830.1% from the June 15th total of 7,806 shares. Based on an average trading volume of 156,365 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on IRMTF. Royal Bank Of Canada reissued a “sector perform” rating on shares of Information Services in a research note on Wednesday, June 3rd. Raymond James Financial lowered Information Services to a “market perform” rating in a research report on Tuesday, May 19th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Information Services Stock Performance

Shares of IRMTF stock remained flat at $35.90 on Friday. The firm’s 50 day simple moving average is $35.56 and its 200-day simple moving average is $34.33. Information Services has a 1-year low of $23.12 and a 1-year high of $36.83.

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.