Infratil Limited (OTCMKTS:IFUUF – Get Free Report) was the target of a significant 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 Stock Performance
OTCMKTS IFUUF opened at $8.40 on Wednesday. Infratil has a one year low of $6.31 and a one year high of $9.65. The stock’s 50 day simple moving average is $9.17 and its 200 day simple moving average is $8.14.
Wall Street Analyst Weigh In
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 investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy”.
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.
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