Information Services Group, Inc. (NASDAQ:III) Sees Large Increase in Short Interest

Information Services Group, Inc. (NASDAQ:III) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 201,000 shares, an increase of 20.1% from the February 28th total of 167,400 shares. Based on an average daily volume of 104,000 shares, the short-interest ratio is presently 1.9 days. Currently, 0.6% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of III. Private Capital Management LLC increased its holdings in shares of Information Services Group by 2.9% during the 3rd quarter. Private Capital Management LLC now owns 5,582,413 shares of the business services provider’s stock valued at $18,422,000 after purchasing an additional 159,141 shares in the last quarter. Barclays PLC increased its holdings in Information Services Group by 52.5% in the third quarter. Barclays PLC now owns 101,111 shares of the business services provider’s stock valued at $334,000 after buying an additional 34,816 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Information Services Group by 5.4% in the fourth quarter. Bank of New York Mellon Corp now owns 344,756 shares of the business services provider’s stock worth $1,151,000 after acquiring an additional 17,629 shares during the period. SG Americas Securities LLC boosted its stake in shares of Information Services Group by 40.5% during the 4th quarter. SG Americas Securities LLC now owns 20,752 shares of the business services provider’s stock worth $69,000 after acquiring an additional 5,983 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Information Services Group by 9.3% during the 3rd quarter. Geode Capital Management LLC now owns 820,929 shares of the business services provider’s stock valued at $2,709,000 after acquiring an additional 70,135 shares during the period. 73.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

III has been the topic of several recent analyst reports. StockNews.com raised Information Services Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, March 10th. Barrington Research reaffirmed an “outperform” rating and issued a $3.75 price objective on shares of Information Services Group in a research report on Monday, March 10th.

Information Services Group Stock Performance

NASDAQ:III traded up $0.09 during midday trading on Wednesday, hitting $4.02. The company’s stock had a trading volume of 124,051 shares, compared to its average volume of 107,592. The firm’s 50 day moving average is $3.32 and its 200-day moving average is $3.31. The firm has a market cap of $193.99 million, a P/E ratio of -57.42, a P/E/G ratio of 1.34 and a beta of 1.15. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.97 and a quick ratio of 1.97. Information Services Group has a fifty-two week low of $2.92 and a fifty-two week high of $4.19.

Information Services Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 21st were issued a $0.045 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.18 annualized dividend and a dividend yield of 4.48%. Information Services Group’s dividend payout ratio (DPR) is presently 360.00%.

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.