ITEX Co. (OTCMKTS:ITEX) Sees Significant Increase in Short Interest

by · The Cerbat Gem

ITEX Co. (OTCMKTS:ITEX – Get Free Report) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 800 shares, an increase of 300.0% from the October 15th total of 200 shares. Based on an average daily volume of 1,500 shares, the short-interest ratio is currently 0.5 days.

ITEX Stock Performance

ITEX stock traded up $1.20 during mid-day trading on Wednesday, reaching $5.50. The company’s stock had a trading volume of 672 shares, compared to its average volume of 567. ITEX has a twelve month low of $3.61 and a twelve month high of $5.55. The business has a 50 day moving average price of $4.66 and a 200-day moving average price of $4.68.

ITEX Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be paid a $0.40 dividend. The ex-dividend date is Monday, December 2nd.

About ITEX

(Get Free Report)

ITEX Corporation operates a marketplace in which products and services are exchanged by marketplace members without exchanging cash in the United States. The company’s marketplace provides a forum for members to purchase from and sell their products and services to other members using ITEX dollars instead of United States dollars.

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