Infratil Limited (OTCMKTS:IFUUF – Get Free Report) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 2,259,623 shares, a growth of 59.5% from the July 30th total of 1,416,691 shares. Based on an average daily volume of 7,968 shares, the days-to-cover ratio is currently 283.6 days.
Infratil Price Performance
Shares of OTCMKTS:IFUUF opened at $8.40 on Thursday. Infratil has a fifty-two week low of $6.31 and a fifty-two week high of $9.65. The business has a 50-day simple moving average of $9.17 and a two-hundred day simple moving average of $8.15.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group started coverage on Infratil in a research note on Sunday, June 21st. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Infratil currently has a consensus rating of “Buy”.
About Infratil
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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