Infratil Limited (OTCMKTS:IFUUF – Get Free Report) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 1,567,857 shares, a drop of 48.6% from the June 15th total of 3,049,113 shares. Based on an average trading volume of 67 shares, the days-to-cover ratio is presently 23,400.9 days.
Infratil Stock Performance
IFUUF stock remained flat at $9.16 on Wednesday. The firm has a 50 day moving average of $8.95 and a 200 day moving average of $7.65. Infratil has a 12 month low of $6.31 and a 12 month high of $9.35.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group started coverage on shares of Infratil in a research note on Sunday, June 21st. They set a “buy” rating on the stock. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently 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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