Short Interest in Itv Plc. (OTCMKTS:ITVPY) Drops By 49.8%

Itv Plc. (OTCMKTS:ITVPY) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 1,866 shares, a drop of 49.8% from the May 31st total of 3,716 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 11,910 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets upgraded ITV from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

ITV Trading Down 1.3%

Shares of ITV stock traded down $0.14 during trading hours on Thursday, reaching $10.86. The stock had a trading volume of 18,147 shares, compared to its average volume of 22,280. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 0.24. ITV has a twelve month low of $8.67 and a twelve month high of $12.04. The stock’s 50 day moving average is $10.91 and its 200 day moving average is $10.85.

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.