Short Interest in Infratil Limited (OTCMKTS:IFUUF) Decreases By 36.2%

Infratil Limited (OTCMKTS:IFUUF) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 1,416,691 shares, a drop of 36.2% from the July 15th total of 2,221,309 shares. Based on an average daily volume of 7,033 shares, the days-to-cover ratio is currently 201.4 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group initiated coverage on shares of Infratil in a report on Sunday, June 21st. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Infratil Price Performance

IFUUF opened at $9.65 on Wednesday. Infratil has a 12 month low of $6.31 and a 12 month high of $9.65. The business has a fifty day moving average price of $9.16 and a 200 day moving average price of $8.00.

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.