Information Services Group, Inc. (NASDAQ:III) Sees Large Growth in Short Interest

Information Services Group, Inc. (NASDAQ:III) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 529,567 shares, a growth of 21.9% from the January 29th total of 434,458 shares. Based on an average daily trading volume, of 410,222 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.3% of the shares of the stock are sold short. Approximately 1.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 410,222 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Trading of Information Services Group

Several large investors have recently bought and sold shares of III. Rhumbline Advisers raised its holdings in Information Services Group by 4.4% in the 2nd quarter. Rhumbline Advisers now owns 53,200 shares of the business services provider’s stock valued at $255,000 after acquiring an additional 2,251 shares during the last quarter. Everstar Asset Management LLC grew its position in shares of Information Services Group by 10.0% in the fourth quarter. Everstar Asset Management LLC now owns 25,808 shares of the business services provider’s stock valued at $149,000 after purchasing an additional 2,343 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Information Services Group by 22.6% in the fourth quarter. SG Americas Securities LLC now owns 12,754 shares of the business services provider’s stock valued at $74,000 after purchasing an additional 2,351 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Information Services Group by 1.2% during the first quarter. Goldman Sachs Group Inc. now owns 294,007 shares of the business services provider’s stock worth $1,150,000 after buying an additional 3,453 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Information Services Group by 65.7% during the third quarter. BNP Paribas Financial Markets now owns 9,427 shares of the business services provider’s stock worth $54,000 after buying an additional 3,739 shares in the last quarter. Hedge funds and other institutional investors own 73.10% of the company’s stock.

Information Services Group Stock Performance

Information Services Group stock traded down $0.07 during mid-day trading on Tuesday, hitting $4.77. The company had a trading volume of 277,126 shares, compared to its average volume of 323,892. Information Services Group has a 12-month low of $2.95 and a 12-month high of $6.45. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.63. The company’s fifty day moving average is $5.44 and its 200-day moving average is $5.46. The company has a market capitalization of $228.39 million, a price-to-earnings ratio of 25.11, a P/E/G ratio of 0.97 and a beta of 1.07.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Information Services Group in a research note on Wednesday, January 28th. Barrington Research boosted their target price on shares of Information Services Group from $5.50 to $7.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Finally, Wall Street Zen raised Information Services Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7.00.

Information Services Group Company Profile

Information Services Group, Inc (ISG) is a leading global technology research and advisory firm specializing in digital transformation, sourcing strategies and technology-driven business operations. Headquartered in Stamford, Connecticut, the company leverages deep market insights and data analytics to help clients optimize cost structures, accelerate growth and navigate complex technology landscapes. Since its founding in 2006, ISG has cultivated expertise across industries including financial services, healthcare, manufacturing and the public sector.

ISG’s core offerings include sourcing advisory, managed governance, market intelligence and research services.