Itv Plc. (OTCMKTS:ITVPY) Sees Significant Decline in Short Interest

Itv Plc. (OTCMKTS:ITVPY) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 328 shares, a drop of 64.2% from the August 15th total of 916 shares. Based on an average daily volume of 11,203 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded ITV to a “hold” rating in a research note on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy”.

ITV Price Performance

ITVPY stock remained flat at $9.68 during trading on Monday. The company’s stock had a trading volume of 2,926 shares, compared to its average volume of 4,738. The firm’s 50-day simple moving average is $9.87 and its 200 day simple moving average is $10.42. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 0.24. ITV has a 1 year low of $8.67 and a 1 year high of $11.98.

ITV Company Profile

ITV plc is a British media and entertainment company best known for operating the ITV commercial television network in the United Kingdom. Its broadcasting activities include a portfolio of television channels and digital services, with programming spanning news, drama, entertainment, sport and factual content. ITV also offers ITVX, its streaming and video-on-demand platform.

Through ITV Studios, the company develops, produces and distributes television programs and other content for broadcasters and streaming platforms in the U.K.