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

Information Services Group, Inc. (NASDAQ:III) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 282,400 shares, an increase of 40.5% from the March 15th total of 201,000 shares. Based on an average daily trading volume, of 111,300 shares, the short-interest ratio is currently 2.5 days. Currently, 0.9% of the company’s shares are short sold.

Information Services Group Stock Up 0.5 %

Shares of NASDAQ:III opened at $3.72 on Friday. The company has a market capitalization of $179.51 million, a PE ratio of -53.14, a price-to-earnings-growth ratio of 1.34 and a beta of 0.94. Information Services Group has a 1 year low of $2.92 and a 1 year high of $4.05. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.97 and a quick ratio of 1.97. The business has a fifty day moving average price of $3.45 and a two-hundred day moving average price of $3.35.

Information Services Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 21st were given a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 4.84%. The ex-dividend date was Friday, March 21st. Information Services Group’s dividend payout ratio is 360.00%.

Institutional Investors Weigh In On Information Services Group

Several large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its position in Information Services Group by 195.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,710 shares of the business services provider’s stock worth $26,000 after buying an additional 5,104 shares during the last quarter. Picton Mahoney Asset Management increased its holdings in Information Services Group by 47.2% in the 4th quarter. Picton Mahoney Asset Management now owns 9,704 shares of the business services provider’s stock worth $32,000 after acquiring an additional 3,110 shares during the last quarter. ProShare Advisors LLC purchased a new stake in Information Services Group in the 4th quarter worth about $34,000. Intech Investment Management LLC bought a new stake in Information Services Group in the 4th quarter valued at about $34,000. Finally, Access Investment Management LLC lifted its holdings in Information Services Group by 183.8% during the fourth quarter. Access Investment Management LLC now owns 10,515 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 6,810 shares during the last quarter. Hedge funds and other institutional investors own 73.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. StockNews.com raised Information Services Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, March 10th. Barrington Research reaffirmed an “outperform” rating and issued a $3.75 price objective on shares of Information Services Group in a research note on Monday, March 10th.

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.