Information Services Group, Inc. (NASDAQ:III) Short Interest Update

Information Services Group, Inc. (NASDAQ:III) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 165,600 shares, a growth of 23.3% from the November 30th total of 134,300 shares. Based on an average trading volume of 95,700 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.5% of the shares of the company are short sold.

Information Services Group Price Performance

Shares of III traded up $0.01 during mid-day trading on Tuesday, hitting $3.35. 92,757 shares of the company were exchanged, compared to its average volume of 102,461. 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 $4.82. The stock has a market cap of $164.38 million, a price-to-earnings ratio of -47.85, a price-to-earnings-growth ratio of 2.95 and a beta of 0.99. The company has a 50 day moving average of $3.40 and a 200-day moving average of $3.29.

Information Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd were given a $0.045 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $0.18 annualized dividend and a dividend yield of 5.37%. Information Services Group’s dividend payout ratio (DPR) is presently -257.11%.

Insider Buying and Selling at Information Services Group

In other Information Services Group news, Director Kalpana Raina sold 18,795 shares of Information Services Group stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $3.39, for a total value of $63,715.05. Following the completion of the transaction, the director now owns 396,261 shares of the company’s stock, valued at approximately $1,343,324.79. The trade was a 4.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders sold 44,931 shares of company stock valued at $150,425. 16.00% of the stock is owned by company insiders.

Institutional Trading of Information Services Group

Several large investors have recently made changes to their positions in III. Blair William & Co. IL boosted its stake in Information Services Group by 1.4% during the 2nd quarter. Blair William & Co. IL now owns 824,499 shares of the business services provider’s stock worth $2,424,000 after purchasing an additional 11,056 shares during the last quarter. Geode Capital Management LLC grew its stake in Information Services Group by 9.3% during the 3rd quarter. Geode Capital Management LLC now owns 820,929 shares of the business services provider’s stock valued at $2,709,000 after acquiring an additional 70,135 shares in the last quarter. State Street Corp raised its holdings in Information Services Group by 3.2% in the 3rd quarter. State Street Corp now owns 578,220 shares of the business services provider’s stock valued at $1,934,000 after acquiring an additional 17,796 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of Information Services Group by 107.4% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 566,444 shares of the business services provider’s stock worth $1,665,000 after purchasing an additional 293,328 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Information Services Group by 5.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 353,188 shares of the business services provider’s stock worth $1,038,000 after purchasing an additional 18,421 shares during the last quarter. 73.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

III has been the subject of several recent analyst reports. Singular Research upgraded Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, November 14th. Barrington Research boosted their price objective on Information Services Group from $3.50 to $3.75 and gave the company an “outperform” rating in a research report on Monday, November 11th. Finally, StockNews.com upgraded Information Services Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th.

Information Services Group Company Profile

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.