Information Services Co. (OTCMKTS:IRMTF) Sees Significant Decrease in Short Interest

Information Services Co. (OTCMKTS:IRMTF) was the recipient of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 8,339 shares, a decrease of 15.6% from the January 15th total of 9,879 shares. Based on an average daily volume of 1,463 shares, the days-to-cover ratio is currently 5.7 days. Based on an average daily volume of 1,463 shares, the days-to-cover ratio is currently 5.7 days.

Analysts Set New Price Targets

Separately, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Information Services in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Information Services presently has a consensus rating of “Hold”.

Information Services Stock Performance

OTCMKTS:IRMTF opened at $31.82 on Monday. The firm’s fifty day moving average price is $32.30 and its 200 day moving average price is $27.78. Information Services has a 1-year low of $16.91 and a 1-year high of $35.13.

About Information Services

Information Services Corporation provides registry and information management services for public data and records in Canada. It operates through three segments: Registry Operations, Services, and Technology Solutions. The company provides land titles registry services that issues titles to land and registers transactions affecting titles; land survey services, which registers land survey plans and creates a representation of Saskatchewan land parcels in the cadastral parcel mapping system; and geomatics services that manages geographic data in relation to the cadastral parcel mapping system.