Information Services Group, Inc. (NASDAQ:III) Short Interest Up 23.3% in December

Information Services Group, Inc. (NASDAQ:III) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 165,600 shares, an increase of 23.3% from the November 30th total of 134,300 shares. Based on an average daily volume of 95,700 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.5% of the company’s shares are sold short.

Analysts Set New Price Targets

Several equities analysts have recently commented on III shares. Singular Research raised shares of Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, November 14th. Barrington Research boosted their price target on Information Services Group from $3.50 to $3.75 and gave the company an “outperform” rating in a report on Monday, November 11th. Finally, StockNews.com upgraded Information Services Group from a “hold” rating to a “buy” rating in a research note on Monday, November 11th.

Insider Buying and Selling

In other news, Director Kalpana Raina sold 15,075 shares of Information Services Group stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $3.35, for a total transaction of $50,501.25. Following the sale, the director now directly owns 359,338 shares of the company’s stock, valued at approximately $1,203,782.30. The trade was a 4.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders sold 44,931 shares of company stock valued at $150,425. 16.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Information Services Group

Several large investors have recently added to or reduced their stakes in the stock. Arkadios Wealth Advisors acquired a new stake in Information Services Group in the 2nd quarter valued at approximately $32,000. Copeland Capital Management LLC bought a new stake in shares of Information Services Group during the third quarter valued at about $32,000. The Manufacturers Life Insurance Company acquired a new stake in Information Services Group in the second quarter worth about $35,000. SG Americas Securities LLC bought a new position in Information Services Group in the 3rd quarter valued at about $49,000. Finally, AQR Capital Management LLC acquired a new position in Information Services Group during the 2nd quarter valued at about $57,000. 73.10% of the stock is owned by institutional investors and hedge funds.

Information Services Group Stock Performance

III traded up $0.02 on Tuesday, hitting $3.36. 21,364 shares of the company’s stock were exchanged, compared to its average volume of 102,308. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.69. The stock has a fifty day moving average of $3.40 and a two-hundred day moving average of $3.29. Information Services Group has a twelve month low of $2.92 and a twelve month high of $4.82. The firm has a market cap of $164.88 million, a PE ratio of -47.99, a P/E/G ratio of 2.95 and a beta of 0.99.

Information Services Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 3rd were given a dividend of $0.045 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.18 dividend on an annualized basis and a yield of 5.36%. Information Services Group’s dividend payout ratio is currently -257.11%.

About Information Services Group

Information Services Group, Inc, together with its subsidiaries, operates as a technology research and advisory company in the Americas, Europe, and the Asia Pacific. The company offers digital transformation services, including automation, cloud, and data analytics; sourcing advisory; managed governance and risk; network carrier; technology strategy and operations design; change management; and market intelligence and technology research and analysis services.