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

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. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 87,300 shares, the days-to-cover ratio is currently 1.4 days.

Information Services Group Stock Performance

Shares of NASDAQ:III traded down $0.05 during trading hours on Monday, hitting $3.30. The stock had a trading volume of 101,440 shares, compared to its average volume of 103,608. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.14 and a current ratio of 1.97. The stock’s fifty day simple moving average is $3.21 and its 200 day simple moving average is $3.22. The firm has a market capitalization of $161.94 million, a price-to-earnings ratio of -47.14, a PEG ratio of 2.72 and a beta of 0.96. Information Services Group has a 1-year low of $2.92 and a 1-year high of $4.98.

Information Services Group Announces Dividend

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

Analyst Upgrades and Downgrades

III has been the topic of several recent analyst reports. StockNews.com upgraded shares of Information Services Group from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Singular Research raised shares of Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday. Finally, Barrington Research lifted their target price on Information Services Group from $3.50 to $3.75 and gave the company an “outperform” rating in a report on Monday, November 11th.

Insider Activity

In other news, Director Kalpana Raina sold 18,795 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $3.39, for a total value of $63,715.05. Following the completion of the transaction, the director now owns 396,261 shares in the company, valued at $1,343,324.79. This trade represents a 4.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 16.00% of the company’s stock.

Institutional Investors Weigh In On Information Services Group

Several institutional investors have recently bought and sold shares of III. Brown Brothers Harriman & Co. boosted its stake in Information Services Group by 107.4% during the second quarter. Brown Brothers Harriman & Co. now owns 566,444 shares of the business services provider’s stock valued at $1,665,000 after buying an additional 293,328 shares in the last quarter. Blair William & Co. IL raised its position in Information Services Group by 6.1% during the first quarter. Blair William & Co. IL now owns 813,443 shares of the business services provider’s stock valued at $3,286,000 after buying an additional 46,799 shares during the period. Price T Rowe Associates Inc. MD purchased a new stake in Information Services Group in the 1st quarter worth about $45,000. Arkadios Wealth Advisors acquired a new stake in shares of Information Services Group during the second quarter worth approximately $32,000. Finally, Vanguard Group Inc. boosted its stake in shares of Information Services Group by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,168,197 shares of the business services provider’s stock valued at $8,760,000 after buying an additional 15,028 shares during the period. Institutional investors and hedge funds own 73.10% of the company’s stock.

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.