Short Interest in Infosys Limited (NYSE:INFY) Expands By 8.2%

Infosys Limited (NYSE:INFY) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 100,590,000 shares, an increase of 8.2% from the January 15th total of 92,980,000 shares. Based on an average daily volume of 8,060,000 shares, the days-to-cover ratio is presently 12.5 days. Approximately 2.4% of the company’s stock are short sold.

Wall Street Analyst Weigh In

A number of research firms have weighed in on INFY. Guggenheim reiterated a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Finally, StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $20.22.

Institutional Investors Weigh In On Infosys

Institutional investors and hedge funds have recently modified their holdings of the stock. Sierra Ocean LLC bought a new position in shares of Infosys in the 4th quarter worth about $29,000. Mizuho Securities Co. Ltd. bought a new stake in Infosys during the 3rd quarter valued at about $33,000. Brooklyn Investment Group bought a new stake in Infosys during the 4th quarter valued at about $52,000. Wilmington Savings Fund Society FSB bought a new stake in Infosys during the 3rd quarter valued at about $57,000. Finally, Farther Finance Advisors LLC increased its stake in Infosys by 69.7% during the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock valued at $68,000 after purchasing an additional 1,279 shares in the last quarter. 16.20% of the stock is owned by hedge funds and other institutional investors.

Infosys Stock Down 1.2 %

Shares of Infosys stock traded down $0.26 during trading on Tuesday, reaching $21.32. The company’s stock had a trading volume of 1,942,003 shares, compared to its average volume of 9,401,209. Infosys has a 52-week low of $16.04 and a 52-week high of $23.63. The company has a market cap of $88.28 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 3.64 and a beta of 1.00. The firm’s 50-day moving average is $22.30 and its two-hundred day moving average is $22.31.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same quarter in the previous year, the company posted $0.18 earnings per share. On average, equities research analysts anticipate that Infosys will post 0.74 EPS for the current year.

About Infosys

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.