Short Interest in Information Services Group, Inc. (NASDAQ:III) Grows By 11.5%

Information Services Group, Inc. (NASDAQ:III) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 139,500 shares, a growth of 11.5% from the October 31st total of 125,100 shares. Based on an average daily trading volume, of 92,900 shares, the short-interest ratio is currently 1.5 days. Approximately 0.4% of the company’s shares are sold short.

Information Services Group Stock Up 3.0 %

Shares of III opened at $3.80 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.97 and a current ratio of 1.97. Information Services Group has a 1 year low of $2.92 and a 1 year high of $4.98. The stock’s fifty day moving average price is $3.27 and its two-hundred day moving average price is $3.24.

Information Services Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Tuesday, December 3rd will be issued a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 4.74%. The ex-dividend date of this dividend is Tuesday, December 3rd. Information Services Group’s dividend payout ratio (DPR) is presently -257.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Barrington Research raised their price objective on Information Services Group from $3.50 to $3.75 and gave the company an “outperform” rating in a research note on Monday, November 11th. Singular Research upgraded shares of Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, November 14th. Finally, StockNews.com upgraded shares of Information Services Group from a “hold” rating to a “buy” rating in a report on Monday, November 11th.

Insider Buying and Selling at Information Services Group

In other Information Services Group news, Director Kalpana Raina sold 15,075 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $3.35, for a total transaction of $50,501.25. Following the completion of the sale, the director now directly owns 359,338 shares in the company, valued at approximately $1,203,782.30. This trade represents a 4.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders have sold 44,931 shares of company stock worth $150,425. Insiders own 16.00% of the company’s stock.

Institutional Investors Weigh In On Information Services Group

Institutional investors have recently made changes to their positions in the stock. ClariVest Asset Management LLC boosted its position in shares of Information Services Group by 2.9% in the second quarter. ClariVest Asset Management LLC now owns 119,408 shares of the business services provider’s stock valued at $351,000 after acquiring an additional 3,345 shares during the period. Rhumbline Advisers lifted its stake in Information Services Group by 7.6% in the 2nd quarter. Rhumbline Advisers now owns 57,734 shares of the business services provider’s stock worth $170,000 after purchasing an additional 4,075 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Information Services Group by 13.1% in the 2nd quarter. Hsbc Holdings PLC now owns 43,746 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 5,074 shares during the period. Equitable Trust Co. grew its position in shares of Information Services Group by 4.5% during the 3rd quarter. Equitable Trust Co. now owns 173,472 shares of the business services provider’s stock valued at $572,000 after purchasing an additional 7,515 shares in the last quarter. Finally, Copeland Capital Management LLC bought a new position in shares of Information Services Group in the third quarter worth $32,000. Hedge funds and other institutional investors own 73.10% of the company’s stock.

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.