Infratil Limited (OTCMKTS:IFUUF – Get Free Report) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 1,567,857 shares, a drop of 48.6% from the June 15th total of 3,049,113 shares. Based on an average daily trading volume, of 67 shares, the short-interest ratio is presently 23,400.9 days.
Infratil Price Performance
Infratil stock remained flat at $9.16 during midday trading on Friday. The stock’s fifty day moving average price is $9.03 and its two-hundred day moving average price is $7.68. Infratil has a 12-month low of $6.31 and a 12-month high of $9.35.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group began coverage on shares of Infratil in a research note on Sunday, June 21st. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy”.
Infratil Company Profile
Infratil Limited is an infrastructure investment firm specializing in digital Infrastructure, renewables, and social infrastructure. They prefer to invest in renewable electricity, data centers, telecommunications networks healthcare, and airports. It invests around the world. Infratil Limited was incorporated in 1994 and is based in Wellington, New Zealand.
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