Information Services Group, Inc. (NASDAQ:III) Short Interest Update

Information Services Group, Inc. (NASDAQ:III) was the recipient of a significant decline in short interest in January. As of January 30th, there was short interest totaling 434,458 shares, a decline of 15.4% from the January 15th total of 513,753 shares. Based on an average daily volume of 295,661 shares, the short-interest ratio is currently 1.5 days. Approximately 1.1% of the company’s stock are short sold. Approximately 1.1% of the company’s stock are short sold. Based on an average daily volume of 295,661 shares, the short-interest ratio is currently 1.5 days.

Analysts Set New Price Targets

A number of research firms have recently weighed in on III. Barrington Research upped their price target on shares of Information Services Group from $5.50 to $7.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Wall Street Zen downgraded Information Services Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 10th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Information Services Group in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Information Services Group currently has an average rating of “Hold” and a consensus target price of $7.00.

Information Services Group Price Performance

NASDAQ III opened at $4.74 on Monday. Information Services Group has a fifty-two week low of $2.95 and a fifty-two week high of $6.45. The stock’s 50-day moving average is $5.72 and its two-hundred day moving average is $5.44. The firm has a market cap of $226.95 million, a P/E ratio of 24.95, a price-to-earnings-growth ratio of 0.96 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.22 and a quick ratio of 2.22.

Hedge Funds Weigh In On Information Services Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in III. Cerity Partners LLC boosted its holdings in shares of Information Services Group by 15.9% during the 2nd quarter. Cerity Partners LLC now owns 5,023,533 shares of the business services provider’s stock worth $24,113,000 after buying an additional 690,957 shares during the period. Hillsdale Investment Management Inc. lifted its position in Information Services Group by 603.2% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 480,318 shares of the business services provider’s stock worth $2,762,000 after acquiring an additional 412,018 shares during the last quarter. Essex Investment Management Co. LLC bought a new stake in Information Services Group during the fourth quarter valued at about $2,177,000. Potomac Capital Management Inc. acquired a new stake in shares of Information Services Group in the fourth quarter valued at about $1,687,000. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of Information Services Group by 51.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 771,444 shares of the business services provider’s stock worth $4,459,000 after purchasing an additional 262,509 shares during the period. Institutional investors and hedge funds own 73.10% of the company’s stock.

About Information Services Group

Information Services Group, Inc (ISG) is a leading global technology research and advisory firm specializing in digital transformation, sourcing strategies and technology-driven business operations. Headquartered in Stamford, Connecticut, the company leverages deep market insights and data analytics to help clients optimize cost structures, accelerate growth and navigate complex technology landscapes. Since its founding in 2006, ISG has cultivated expertise across industries including financial services, healthcare, manufacturing and the public sector.

ISG’s core offerings include sourcing advisory, managed governance, market intelligence and research services.