ITV PLC. (OTCMKTS:ITVPY) Short Interest Down 92.9% in July

Key Points

• ITV Plc. experienced a significant decrease in short interest of 92.9% in July, falling from 4,200 shares to just 300 shares by the end of the month.
• Analysts have mixed opinions on ITV, with Sanford C. Bernstein upgrading the stock to a "hold" while Kepler Capital Markets downgraded it from "strong-buy" to "hold."
• As of the latest trading, ITV stock closed at $10.94, with a 50-day moving average of $10.96 and a volatility marked by a one-year low of $7.76 and a high of $12.04.

ITV PLC. (OTCMKTS:ITVPY - Get Free Report) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 300 shares, adropof92.9% from the July 15th total of 4,200 shares. Currently,0.0% of the company's shares are short sold. Based on an average daily volume of 1,300 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 1,300 shares, the days-to-cover ratio is currently 0.2 days. Currently,0.0% of the company's shares are short sold.

ITV Stock Performance

Shares of ITVPY traded up $0.0003 during mid-day trading on Tuesday, reaching $10.93. The company had a trading volume of 138 shares, compared to its average volume of 658. ITV has a 52 week low of $7.76 and a 52 week high of $12.04. The firm has a 50-day moving average price of $11.00 and a 200 day moving average price of $10.31. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.09 and a current ratio of 1.63.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ITVPY. Sanford C. Bernstein raised ITV to a "hold" rating in a research report on Thursday, July 17th. Kepler Capital Markets downgraded ITV from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 22nd. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce".

About ITV

ITV plc, an integrated production, broadcasting, and streaming company, which creates, owns, and distributes content on various platforms worldwide. It operates through ITV Studios and Media & Entertainment segments. The ITV Studios segment creates and produces programs and formats that include sports, drama, entertainment, factual, and news for its own channels and other broadcasters.