Short Interest in Information Services Group, Inc. (NASDAQ:III) Expands By 12.3%

Information Services Group, Inc. (NASDAQ:III) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 203,200 shares, a growth of 12.3% from the May 15th total of 180,900 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 79,300 shares, the short-interest ratio is currently 2.6 days.

Shares of III traded up $0.02 during trading hours on Friday, hitting $2.75. The company had a trading volume of 69,471 shares, compared to its average volume of 98,772. Information Services Group has a 52-week low of $2.65 and a 52-week high of $5.45. The firm has a market cap of $128.70 million, a price-to-earnings ratio of 12.50, a P/E/G ratio of 1.15 and a beta of 0.47. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.17. The company’s 50 day moving average is $3.07.

Information Services Group (NASDAQ:III) last announced its quarterly earnings results on Thursday, May 9th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter. Information Services Group had a net margin of 1.70% and a return on equity of 11.69%. The business had revenue of $64.79 million for the quarter, compared to analysts’ expectations of $66.40 million. On average, equities research analysts forecast that Information Services Group will post 0.16 earnings per share for the current fiscal year.

In other Information Services Group news, Vice Chairman Todd D. Lavieri sold 41,236 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $2.91, for a total transaction of $119,996.76. Following the sale, the insider now owns 584,630 shares in the company, valued at $1,701,273.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David E. Berger sold 18,869 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $3.06, for a total value of $57,739.14. Following the sale, the chief financial officer now owns 726,461 shares in the company, valued at approximately $2,222,970.66. The disclosure for this sale can be found here. Insiders have sold 82,306 shares of company stock valued at $244,037 in the last three months. 13.90% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in III. BNP Paribas Arbitrage SA increased its holdings in Information Services Group by 5,644.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,238 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 7,112 shares during the period. Spark Investment Management LLC bought a new stake in Information Services Group during the 1st quarter valued at approximately $40,000. Prudential Financial Inc. bought a new stake in Information Services Group during the 4th quarter valued at approximately $49,000. Globeflex Capital L P bought a new stake in Information Services Group during the 4th quarter valued at approximately $75,000. Finally, O Shaughnessy Asset Management LLC boosted its position in Information Services Group by 25.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 21,782 shares of the business services provider’s stock valued at $92,000 after acquiring an additional 4,464 shares in the last quarter. Institutional investors own 45.80% of the company’s stock.

Several research firms have recently commented on III. Zacks Investment Research upgraded Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Tuesday. ValuEngine downgraded WideOpenWest from a “hold” rating to a “sell” rating in a report on Friday, June 28th. Finally, CIBC reiterated a “hold” rating and issued a $3.00 price objective on shares of Information Services Group in a report on Thursday, May 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $4.75.

Information Services Group Company Profile

Information Services Group, Inc engages in the provision of sourcing advisory services. It operaets through the following geographical segments: Americas, Europe, and Asia Pacific. The firm offers business advisory, human resources technology and delivery services, organizational change management and software advisory services to the aerospace, defence, automotive, banking, energy, healthcare and insurance industries.

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