Intrum AB (publ) (OTCMKTS:ITJTY) Sees Significant Drop in Short Interest

Intrum AB (publ) (OTCMKTS:ITJTY) was the recipient of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 950 shares, a drop of 90.4% from the October 15th total of 9,903 shares. Based on an average daily volume of 2,105 shares, the days-to-cover ratio is currently 0.5 days.

Intrum AB (publ) Price Performance

Intrum AB (publ) stock remained flat at $0.30 during midday trading on Thursday. 1,150 shares of the company’s stock were exchanged, compared to its average volume of 2,425. The stock has a fifty day moving average price of $0.45 and a two-hundred day moving average price of $2.21. Intrum AB has a 52-week low of $0.15 and a 52-week high of $5.75.

Intrum AB (publ) Company Profile

Intrum AB (publ) is a Sweden-based credit management services company that helps businesses and financial institutions manage unpaid receivables and improve cash flow. Its services include credit information, invoice and payment services, debt collection, customer communication, and the administration and servicing of non-performing loans. The company also acquires and manages portfolios of overdue or distressed receivables. Through these activities, Intrum works with banks, financial companies, telecommunications providers, utilities, retailers, and other businesses, providing solutions for both early-stage payment issues and longer-term debt recovery.