IDT Co. (NYSE:IDT) Short Interest Up 61.3% in October

IDT Co. (NYSE:IDT) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 304,300 shares, an increase of 61.3% from the September 30th total of 188,700 shares. Based on an average daily trading volume, of 92,000 shares, the short-interest ratio is presently 3.3 days. Approximately 1.9% of the shares of the company are short sold.

Insider Activity at IDT

In other IDT news, CFO Marcelo Fischer sold 600 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $48.57, for a total value of $29,142.00. Following the transaction, the chief financial officer now owns 37,573 shares of the company’s stock, valued at $1,824,920.61. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, COO Bill Pereira sold 29,175 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $47.24, for a total transaction of $1,378,227.00. Following the completion of the transaction, the chief operating officer now owns 40,000 shares of the company’s stock, valued at approximately $1,889,600. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Marcelo Fischer sold 600 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $48.57, for a total transaction of $29,142.00. Following the completion of the sale, the chief financial officer now directly owns 37,573 shares in the company, valued at approximately $1,824,920.61. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,582 shares of company stock valued at $1,632,568 in the last quarter. Insiders own 15.00% of the company’s stock.

Institutional Trading of IDT

Hedge funds and other institutional investors have recently made changes to their positions in the stock. New York State Teachers Retirement System acquired a new position in shares of IDT during the 3rd quarter valued at $54,000. CWM LLC grew its holdings in IDT by 53.2% during the second quarter. CWM LLC now owns 1,797 shares of the utilities provider’s stock worth $65,000 after acquiring an additional 624 shares during the period. Point72 Asset Management L.P. raised its position in IDT by 176.9% in the second quarter. Point72 Asset Management L.P. now owns 3,600 shares of the utilities provider’s stock worth $129,000 after acquiring an additional 2,300 shares in the last quarter. XTX Topco Ltd bought a new position in shares of IDT during the 2nd quarter valued at about $203,000. Finally, Principal Financial Group Inc. bought a new position in shares of IDT during the 1st quarter valued at about $254,000. 59.34% of the stock is currently owned by institutional investors.

IDT Stock Performance

Shares of IDT stock opened at $46.88 on Tuesday. IDT has a 1 year low of $27.09 and a 1 year high of $49.60. The firm has a market capitalization of $1.19 billion, a PE ratio of 33.49 and a beta of 0.78. The stock has a fifty day moving average of $40.53 and a two-hundred day moving average of $38.38.

IDT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.43%. The ex-dividend date was Monday, September 30th. IDT’s payout ratio is currently 14.29%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised IDT from a “buy” rating to a “strong-buy” rating in a report on Friday, July 19th.

IDT Company Profile

IDT Corporation provides communications and payment services in the United States, the United Kingdom, and internationally. It operates through Fintech, National Retail Solutions, net2phone, and Traditional Communications segments. The company operates point of sale, a terminal-based platform which provides independent retailers store management software, electronic payment processing, and other ancillary merchant services; and provides marketers with digital out-of-home advertising and transaction data.