Infratil Limited (OTCMKTS:IFUUF – Get Free Report) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 1,416,691 shares, a drop of 36.2% from the July 15th total of 2,221,309 shares. Based on an average daily trading volume, of 7,033 shares, the days-to-cover ratio is presently 201.4 days.
Infratil Price Performance
Shares of OTCMKTS IFUUF remained flat at $9.65 during mid-day trading on Tuesday. The firm’s 50-day moving average is $9.15 and its two-hundred day moving average is $7.99. Infratil has a 1-year low of $6.31 and a 1-year high of $9.65.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group assumed coverage on Infratil in a report on Sunday, June 21st. They issued a “buy” rating for the company. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.
Infratil Company Profile
Infratil Limited is an infrastructure investment firm specializing in digital Infrastructure, renewables, and social infrastructure. They prefer to invest in renewable electricity, data centers, telecommunications networks healthcare, and airports. It invests around the world. Infratil Limited was incorporated in 1994 and is based in Wellington, New Zealand.
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