Infosys Limited (NYSE:INFY) Short Interest Up 8.2% in January

Infosys Limited (NYSE:INFY) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 100,590,000 shares, a growth of 8.2% from the January 15th total of 92,980,000 shares. Approximately 2.4% of the shares of the company are short sold. Based on an average daily trading volume, of 8,060,000 shares, the short-interest ratio is presently 12.5 days.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on INFY shares. Guggenheim reiterated a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Finally, StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $20.22.

Hedge Funds Weigh In On Infosys

Large investors have recently added to or reduced their stakes in the business. Sierra Ocean LLC bought a new stake in Infosys in the fourth quarter valued at approximately $29,000. Mizuho Securities Co. Ltd. purchased a new position in shares of Infosys in the third quarter worth $33,000. Brooklyn Investment Group bought a new stake in Infosys during the 4th quarter valued at $52,000. Wilmington Savings Fund Society FSB purchased a new stake in Infosys during the 3rd quarter valued at $57,000. Finally, Farther Finance Advisors LLC grew its holdings in Infosys by 69.7% in the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock worth $68,000 after acquiring an additional 1,279 shares during the last quarter. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Infosys Price Performance

INFY stock traded down $0.16 during mid-day trading on Tuesday, hitting $21.42. 10,779,587 shares of the stock were exchanged, compared to its average volume of 9,714,614. The stock has a market capitalization of $88.70 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 3.64 and a beta of 1.00. The business has a fifty day moving average price of $22.30 and a 200 day moving average price of $22.31. Infosys has a 12 month low of $16.04 and a 12 month high of $23.63.

Infosys (NYSE:INFY) last issued its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period last year, the company earned $0.18 earnings per share. As a group, equities analysts forecast that Infosys will post 0.74 EPS for the current fiscal year.

About Infosys

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.