Experian PLC (OTCMKTS:EXPGY) Sees Large Decrease in Short Interest

Key Points

• Short interest plunged 89.2% from 1,462,771 shares on March 15 to 157,555 shares as of March 31, leaving a short-interest ratio of about 0.3 days and approximately 0.0% of shares shorted.
• Wolfe Research upgraded Experian to a Strong Buy, and MarketBeat's consensus rating for the stock is currently Strong Buy (one Strong Buy, one Buy).
• Shares traded at $34.51 midday (down $0.29), sitting below the 50-day ($35.39) and 200-day ($41.96) moving averages and within a 52-week range of $32.26–$55.21.

Experian PLC (OTCMKTS:EXPGY - Get Free Report) was the target of a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 157,555 shares, a decline of 89.2% from the March 15th total of 1,462,771 shares. Based on an average daily trading volume, of 610,621 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company's shares are short sold.

Wall Street Analyst Weigh In

Separately, Wolfe Research upgraded Experian from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Strong Buy".

Experian Price Performance

Shares of EXPGY traded down $0.29 during midday trading on Friday, reaching $34.51. 134,191 shares of the stock were exchanged, compared to its average volume of 405,844. The company's 50 day moving average is $35.39 and its two-hundred day moving average is $41.96. Experian has a 52 week low of $32.26 and a 52 week high of $55.21.

About Experian

Experian is a global information services company that specializes in consumer and business credit reporting, data analytics, and decisioning technologies. The company collects and aggregates data from a range of sources to produce credit reports and credit scores, and it provides tools that help lenders, insurers, retailers and other organizations assess credit risk, detect fraud, and make automated decisions. In addition to core credit reporting, Experian offers identity verification, fraud prevention, credit monitoring and consumer education services targeted at both individual consumers and enterprise clients.

Products and services include business credit and risk management solutions, marketing data and analytics to support customer acquisition and segmentation, and software-as-a-service platforms and APIs that enable real-time decisioning and workflow integration.

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