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

Information Services Co. (OTCMKTS:IRMTF) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 9,879 shares, a growth of 23.8% from the December 31st total of 7,979 shares. Based on an average daily volume of 80 shares, the short-interest ratio is currently 123.5 days. Based on an average daily volume of 80 shares, the short-interest ratio is currently 123.5 days.

Information Services Stock Up 0.3%

OTCMKTS:IRMTF opened at $32.84 on Tuesday. The stock’s 50-day simple moving average is $31.27 and its 200 day simple moving average is $27.23. Information Services has a twelve month low of $16.91 and a twelve month high of $35.13.

Analysts Set New Price Targets

Separately, CIBC reaffirmed a “neutral” rating on shares of Information Services in a research report on Monday, October 20th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

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.