Short Interest in Information Services Group, Inc. (NASDAQ:III) Expands By 11.1%

Information Services Group, Inc. (NASDAQ:III) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totalling 127,800 shares, a growth of 11.1% from the August 31st total of 115,000 shares. Based on an average daily volume of 112,800 shares, the short-interest ratio is presently 1.1 days. Approximately 0.4% of the shares of the company are sold short.

Information Services Group Stock Performance

Shares of NASDAQ:III traded up $0.10 on Friday, reaching $3.32. The company’s stock had a trading volume of 60,460 shares, compared to its average volume of 105,292. Information Services Group has a 52-week low of $2.92 and a 52-week high of $4.98. The stock has a market capitalization of $161.57 million, a P/E ratio of -166.00, a PEG ratio of 2.10 and a beta of 0.95. The stock’s 50-day moving average is $3.31 and its two-hundred day moving average is $3.38. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.14 and a quick ratio of 2.14.

Information Services Group (NASDAQ:III) last posted its quarterly earnings data on Monday, August 5th. The business services provider reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. Information Services Group had a positive return on equity of 7.48% and a negative net margin of 0.38%. The firm had revenue of $64.26 million during the quarter, compared to the consensus estimate of $65.51 million. As a group, sell-side analysts forecast that Information Services Group will post 0.1 EPS for the current year.

Information Services Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 6th will be paid a $0.045 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.18 annualized dividend and a yield of 5.42%. Information Services Group’s dividend payout ratio is currently -900.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on III shares. Singular Research upgraded Information Services Group to a “moderate buy” rating in a research note on Wednesday, August 28th. Barrington Research restated an “outperform” rating and set a $3.50 target price on shares of Information Services Group in a research report on Wednesday, August 7th.

Hedge Funds Weigh In On Information Services Group

A number of large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company acquired a new stake in shares of Information Services Group in the 2nd quarter valued at approximately $35,000. AQR Capital Management LLC acquired a new stake in Information Services Group in the second quarter valued at $57,000. Hsbc Holdings PLC boosted its position in shares of Information Services Group by 13.1% during the 2nd quarter. Hsbc Holdings PLC now owns 43,746 shares of the business services provider’s stock worth $135,000 after purchasing an additional 5,074 shares in the last quarter. Blair William & Co. IL grew its stake in shares of 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 period. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of Information Services Group by 107.4% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 566,444 shares of the business services provider’s stock valued at $1,665,000 after purchasing an additional 293,328 shares in the last quarter. 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.