Itv Plc. (OTCMKTS:ITVPY) Short Interest Update
by Tristan Rich · The Markets DailyItv Plc. (OTCMKTS:ITVPY – Get Free Report) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 3,716 shares, an increase of 279.6% from the May 14th total of 979 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 316,466 shares, the short-interest ratio is currently 0.0 days.
Wall Street Analyst Weigh In
Separately, Kepler Capital Markets upgraded shares of ITV from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy”.
View Our Latest Analysis on ITV
ITV Stock Up 1.4%
ITVPY traded up $0.16 during trading hours on Thursday, hitting $11.23. The stock had a trading volume of 2,576 shares, compared to its average volume of 98,447. The company’s fifty day simple moving average is $10.79 and its 200 day simple moving average is $10.85. ITV has a 1 year low of $8.67 and a 1 year high of $12.04. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 0.24.
About ITV
ITV plc is a United Kingdom–based broadcasting and media production company best known for its portfolio of free-to-air television channels, including ITV, ITV2, ITV3, ITV4 and CITV. The company generates revenue primarily through advertising sales across its broadcast network and digital platforms. In addition to traditional linear broadcasting, ITV offers on-demand and catch-up services via its streaming portal, providing viewers access to drama, entertainment, reality and sports programming.
Through its production arm, ITV Studios, the company develops, produces and distributes original content for both its own channels and third-party broadcasters and streaming platforms.