Information Services Group, Inc. (NASDAQ:III) Sees Large Growth in Short Interest

Information Services Group, Inc. (NASDAQ:III) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 125,100 shares, a growth of 5.8% from the October 15th total of 118,200 shares. Based on an average daily volume of 87,300 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.4% of the company’s shares are sold short.

Information Services Group Price Performance

NASDAQ III traded down $0.05 on Monday, hitting $3.30. 101,440 shares of the company were exchanged, compared to its average volume of 103,608. Information Services Group has a 1-year low of $2.92 and a 1-year high of $4.98. The firm has a 50 day moving average of $3.21 and a two-hundred day moving average of $3.22. The company has a current ratio of 1.97, a quick ratio of 2.14 and a debt-to-equity ratio of 0.69. The company has a market cap of $161.94 million, a P/E ratio of -47.71, a P/E/G ratio of 2.72 and a beta of 0.96.

Information Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.045 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.18 dividend on an annualized basis and a dividend yield of 5.45%. Information Services Group’s payout ratio is -257.14%.

Insider Activity at Information Services Group

In related news, Director Kalpana Raina sold 18,795 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $3.39, for a total transaction of $63,715.05. Following the transaction, the director now directly owns 396,261 shares in the company, valued at $1,343,324.79. The trade was a 4.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 16.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Information Services Group

A number of hedge funds and other institutional investors have recently modified their holdings of III. Copeland Capital Management LLC acquired a new position in Information Services Group during the 3rd quarter worth $32,000. CHICAGO TRUST Co NA acquired a new stake in shares of Information Services Group in the 2nd quarter valued at $30,000. Price T Rowe Associates Inc. MD bought a new stake in shares of Information Services Group during the first quarter worth $45,000. Arkadios Wealth Advisors acquired a new position in shares of Information Services Group during the second quarter valued at $32,000. Finally, The Manufacturers Life Insurance Company bought a new position in Information Services Group in the second quarter valued at about $35,000. Institutional investors and hedge funds own 73.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Barrington Research lifted their price target on shares of Information Services Group from $3.50 to $3.75 and gave the company an “outperform” rating in a report on Monday, November 11th. Singular Research raised Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday. Finally, StockNews.com upgraded Information Services Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th.

Information Services Group Company Profile

Information Services Group, Inc, together with its subsidiaries, operates as a technology research and advisory company in the Americas, Europe, and the Asia Pacific. The company offers digital transformation services, including automation, cloud, and data analytics; sourcing advisory; managed governance and risk; network carrier; technology strategy and operations design; change management; and market intelligence and technology research and analysis services.