Integer Holdings Co. (NYSE:ITGR) Sees Significant Drop in Short Interest

Integer Holdings Co. (NYSE:ITGR) was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 2,130,000 shares, a decrease of 6.6% from the January 15th total of 2,280,000 shares. Based on an average trading volume of 212,300 shares, the short-interest ratio is presently 10.0 days. Approximately 6.6% of the shares of the company are sold short.

Integer Price Performance

ITGR stock opened at $140.95 on Wednesday. The company has a market capitalization of $4.73 billion, a PE ratio of 43.50, a P/E/G ratio of 1.79 and a beta of 1.13. Integer has a 12-month low of $97.49 and a 12-month high of $146.36. The company has a current ratio of 3.28, a quick ratio of 2.09 and a debt-to-equity ratio of 0.67. The business’s fifty day moving average price is $137.90 and its 200 day moving average price is $132.00.

Analysts Set New Price Targets

ITGR has been the topic of several recent research reports. Wells Fargo & Company reiterated an “overweight” rating and issued a $160.00 price objective on shares of Integer in a research note on Tuesday, December 3rd. Citigroup upped their price target on Integer from $130.00 to $145.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 11th. KeyCorp increased their target price on Integer from $144.00 to $154.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Truist Financial lifted their target price on Integer from $147.00 to $163.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Piper Sandler restated an “overweight” rating and set a $140.00 target price (up previously from $125.00) on shares of Integer in a research report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $146.56.

Institutional Trading of Integer

Institutional investors have recently bought and sold shares of the business. Mather Group LLC. raised its position in Integer by 304.3% in the 4th quarter. Mather Group LLC. now owns 190 shares of the medical equipment provider’s stock valued at $25,000 after purchasing an additional 143 shares during the last quarter. Lee Danner & Bass Inc. purchased a new position in Integer in the 4th quarter valued at $27,000. Huntington National Bank increased its stake in Integer by 8,933.3% in the 3rd quarter. Huntington National Bank now owns 271 shares of the medical equipment provider’s stock valued at $35,000 after buying an additional 268 shares during the period. R Squared Ltd acquired a new stake in shares of Integer in the 4th quarter worth $44,000. Finally, Sterling Capital Management LLC boosted its stake in shares of Integer by 472.9% in the fourth quarter. Sterling Capital Management LLC now owns 338 shares of the medical equipment provider’s stock valued at $45,000 after buying an additional 279 shares in the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

Integer Company Profile

Integer Holdings Corporation operates as a medical device outsource manufacturer in the United States, Puerto Rico, Costa Rica, and internationally. It operates through two segments, Medical and Non-Medical. The company offers products for interventional cardiology, structural heart, heart failure, peripheral vascular, neurovascular, interventional oncology, electrophysiology, vascular access, infusion therapy, hemodialysis, non-vascular, urology, and gastroenterology procedures.