Information Services Group, Inc. (NASDAQ:III) Short Interest Up 5.8% in October

Information Services Group, Inc. (NASDAQ:III) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 125,100 shares, a growth of 5.8% from the October 15th total of 118,200 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 87,300 shares, the days-to-cover ratio is currently 1.4 days.

Analyst Ratings Changes

Several equities research analysts have issued reports on III shares. Barrington Research lifted their price target on Information Services Group from $3.50 to $3.75 and gave the stock an “outperform” rating in a research note on Monday, November 11th. StockNews.com upgraded Information Services Group from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Finally, Singular Research upgraded Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, November 14th.

Information Services Group Price Performance

NASDAQ III opened at $3.30 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.97 and a quick ratio of 2.14. The stock has a market capitalization of $161.94 million, a price-to-earnings ratio of -47.14, a PEG ratio of 2.72 and a beta of 0.96. Information Services Group has a 1-year low of $2.92 and a 1-year high of $4.98. The business’s fifty day moving average price is $3.21 and its 200-day moving average price is $3.22.

Information Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd will be paid a $0.045 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.18 dividend on an annualized basis and a yield of 5.45%. Information Services Group’s payout ratio is presently -257.14%.

Insiders Place Their Bets

In other Information Services Group news, Director Kalpana Raina sold 18,795 shares of Information Services Group stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $3.39, for a total transaction of $63,715.05. Following the completion of the sale, the director now owns 396,261 shares of the company’s stock, valued at $1,343,324.79. The trade was a 4.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 16.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Copeland Capital Management LLC bought a new stake in Information Services Group in the third quarter worth about $32,000. CHICAGO TRUST Co NA acquired a new position in shares of Information Services Group during the second quarter worth $30,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Information Services Group during the first quarter worth $45,000. Arkadios Wealth Advisors acquired a new position in shares of Information Services Group in the 2nd quarter valued at $32,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Information Services Group in the 2nd quarter valued at $35,000. Hedge funds and other institutional investors own 73.10% of the company’s stock.

About Information Services Group

Information Services Group, Inc, together with its subsidiaries, operates as a technology research and advisory company in the Americas, Europe, and the Asia Pacific. The company offers digital transformation services, including automation, cloud, and data analytics; sourcing advisory; managed governance and risk; network carrier; technology strategy and operations design; change management; and market intelligence and technology research and analysis services.