Information Services Co. (OTCMKTS:IRMTF) Short Interest Down 88.9% in December

Information Services Co. (OTCMKTS:IRMTF) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 7,979 shares, a drop of 88.9% from the December 15th total of 71,688 shares. Based on an average daily volume of 1,523 shares, the short-interest ratio is presently 5.2 days. Based on an average daily volume of 1,523 shares, the short-interest ratio is presently 5.2 days.

Wall Street Analyst Weigh In

Separately, CIBC reiterated a “neutral” rating on shares of Information Services in a research report on Monday, October 20th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Information Services Stock Performance

OTCMKTS:IRMTF traded up $0.39 during mid-day trading on Monday, reaching $34.77. The stock had a trading volume of 100 shares, compared to its average volume of 150. The firm has a 50 day moving average price of $28.88 and a two-hundred day moving average price of $26.08. Information Services has a one year low of $16.91 and a one year high of $34.77.

About Information Services

Information Services Corporation provides registry and information management services for public data and records in Canada. It operates through three segments: Registry Operations, Services, and Technology Solutions. The company provides land titles registry services that issues titles to land and registers transactions affecting titles; land survey services, which registers land survey plans and creates a representation of Saskatchewan land parcels in the cadastral parcel mapping system; and geomatics services that manages geographic data in relation to the cadastral parcel mapping system.