Information Services Group, Inc. (NASDAQ:III) Short Interest Update

Information Services Group, Inc. (NASDAQ:III) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 201,000 shares, an increase of 20.1% from the February 28th total of 167,400 shares. Based on an average daily volume of 104,000 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.6% of the shares of the stock are short sold.

Institutional Investors Weigh In On Information Services Group

Several institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its holdings in Information Services Group by 28.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,041 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 3,092 shares during the period. Picton Mahoney Asset Management boosted its position in Information Services Group by 47.2% during the 4th quarter. Picton Mahoney Asset Management now owns 9,704 shares of the business services provider’s stock valued at $32,000 after buying an additional 3,110 shares during the period. Williams & Novak LLC grew its holdings in Information Services Group by 10.3% in the 4th quarter. Williams & Novak LLC now owns 43,775 shares of the business services provider’s stock worth $146,000 after acquiring an additional 4,080 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Information Services Group by 29.3% during the fourth quarter. Wells Fargo & Company MN now owns 20,915 shares of the business services provider’s stock valued at $70,000 after acquiring an additional 4,741 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Information Services Group by 195.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,710 shares of the business services provider’s stock worth $26,000 after purchasing an additional 5,104 shares during the last quarter. Hedge funds and other institutional investors own 73.10% of the company’s stock.

Information Services Group Trading Down 5.0 %

Information Services Group stock traded down $0.20 during mid-day trading on Thursday, hitting $3.82. 56,252 shares of the company’s stock were exchanged, compared to its average volume of 107,400. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.69. Information Services Group has a fifty-two week low of $2.92 and a fifty-two week high of $4.19. The firm has a market capitalization of $184.33 million, a P/E ratio of -54.56, a PEG ratio of 1.34 and a beta of 0.94. The company’s 50 day simple moving average is $3.33 and its 200-day simple moving average is $3.32.

Information Services Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 21st were paid a dividend of $0.045 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.18 dividend on an annualized basis and a yield of 4.71%. Information Services Group’s dividend payout ratio (DPR) is presently 360.00%.

Analysts Set New Price Targets

III has been the topic of several analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $3.75 target price on shares of Information Services Group in a report on Monday, March 10th. StockNews.com raised Information Services Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, March 10th.

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.