Itv Plc. (OTCMKTS:ITVPY) Short Interest Update

Itv Plc. (OTCMKTS:ITVPY) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 916 shares, a drop of 43.4% from the July 30th total of 1,619 shares. Based on an average trading volume of 16,392 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised ITV to a “hold” rating in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, ITV currently has an average rating of “Buy”.

ITV Price Performance

ITVPY remained flat at $9.62 on Tuesday. 3,769 shares of the company traded hands, compared to its average volume of 35,678. The stock’s 50-day simple moving average is $10.08 and its two-hundred day simple moving average is $10.50. ITV has a 12-month low of $8.67 and a 12-month high of $11.98. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 0.24.

About ITV

ITV plc is a United Kingdom–based broadcasting and media production company best known for its portfolio of free-to-air television channels, including ITV, ITV2, ITV3, ITV4 and CITV. The company generates revenue primarily through advertising sales across its broadcast network and digital platforms. In addition to traditional linear broadcasting, ITV offers on-demand and catch-up services via its streaming portal, providing viewers access to drama, entertainment, reality and sports programming.

Through its production arm, ITV Studios, the company develops, produces and distributes original content for both its own channels and third-party broadcasters and streaming platforms.