Information Services Co. (OTCMKTS:IRMTF) Short Interest Up 156.1% in May

Information Services Co. (OTCMKTS:IRMTF) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 5,906 shares, a growth of 156.1% from the May 14th total of 2,306 shares. Based on an average trading volume of 194 shares, the short-interest ratio is presently 30.4 days.

Information Services Price Performance

OTCMKTS:IRMTF remained flat at $36.38 during mid-day trading on Friday. 31,380 shares of the company were exchanged, compared to its average volume of 427. Information Services has a fifty-two week low of $22.86 and a fifty-two week high of $36.83. The business has a 50 day simple moving average of $34.13 and a 200-day simple moving average of $33.01.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on IRMTF. Raymond James Financial lowered Information Services to a “market perform” rating in a report on Tuesday, May 19th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Information Services in a research report on Wednesday, June 3rd. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Information Services currently has a consensus rating of “Hold”.

About Information Services

Information Services Corporation provides registry and information management services for public data and records in Canada. It operates through three segments: Registry Operations, Services, and Technology Solutions. The company provides land titles registry services that issues titles to land and registers transactions affecting titles; land survey services, which registers land survey plans and creates a representation of Saskatchewan land parcels in the cadastral parcel mapping system; and geomatics services that manages geographic data in relation to the cadastral parcel mapping system.