Intrum AB (publ) (OTCMKTS:ITJTY) Sees Large Decline in Short Interest

Intrum AB (publ) (OTCMKTS:ITJTY) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 1,019 shares, a drop of 22.6% from the December 31st total of 1,317 shares. Based on an average daily volume of 239 shares, the days-to-cover ratio is presently 4.3 days. Based on an average daily volume of 239 shares, the days-to-cover ratio is presently 4.3 days.

Intrum AB (publ) Trading Down 4.3%

Shares of Intrum AB (publ) stock traded down $0.25 on Tuesday, reaching $5.50. The stock had a trading volume of 900 shares, compared to its average volume of 550. The business’s 50 day moving average is $4.48 and its two-hundred day moving average is $4.99. Intrum AB has a 1 year low of $2.50 and a 1 year high of $7.56.

About Intrum AB (publ)

Intrum AB (publ) is a leading European provider of credit management services, helping companies and consumers make sound credit decisions and manage outstanding receivables. The company’s core offerings include debt collection, outsourcing of credit management processes, receivables purchase, credit information and scoring, as well as consultancy on credit risk. Through these services, Intrum assists clients in optimizing cash flow, reducing credit losses and maintaining healthy customer relationships.

Founded through the merger of Intrum Justitia and Lindorff in 2017, Intrum has grown into a pan-European organisation with operations in more than 20 markets.