Short Interest in Infratil Limited (OTCMKTS:IFUUF) Decreases By 48.6%

Infratil Limited (OTCMKTS:IFUUF) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 1,567,857 shares, a drop of 48.6% from the June 15th total of 3,049,113 shares. Based on an average daily volume of 67 shares, the days-to-cover ratio is presently 23,400.9 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group started coverage on Infratil in a report on Sunday, June 21st. They set a “buy” rating for the company. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Infratil Price Performance

Shares of IFUUF remained flat at $9.16 during mid-day trading on Thursday. The stock’s 50-day simple moving average is $8.99 and its 200 day simple moving average is $7.66. Infratil has a 12 month low of $6.31 and a 12 month high of $9.35.

About Infratil

Infratil Limited is an infrastructure investment firm specializing in digital Infrastructure, renewables, and social infrastructure. They prefer to invest in renewable electricity, data centers, telecommunications networks healthcare, and airports. It invests around the world. Infratil Limited was incorporated in 1994 and is based in Wellington, New Zealand.