Short Interest in Experian PLC (OTCMKTS:EXPGY) Increases By 1,563.0%

Key Points

• Short interest in Experian surged by 1,563.0% to 1,462,771 shares as of March 13 (up from 87,962 on Feb 26), though shorted shares represent only about 0.2% of the company’s shares.
• The days-to-cover ratio is just 0.9 days based on an average daily volume of 1,558,390 shares, suggesting limited short-covering pressure despite the large percentage increase in short interest.
• Wolfe Research upgraded Experian to a "Strong Buy", while the stock traded at $34.20—below its 50-day ($37.29) and 200-day ($43.46) moving averages and nearer its one-year low.

Experian PLC (OTCMKTS:EXPGY - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 1,462,771 shares, a growth of 1,563.0% from the February 26th total of 87,962 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 1,558,390 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily trading volume, of 1,558,390 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.2% of the shares of the company are sold short.

Experian Stock Performance

Shares of OTCMKTS:EXPGY traded down $1.40 on Tuesday, hitting $34.20. 191,589 shares of the company were exchanged, compared to its average volume of 426,105. The company's 50 day moving average price is $37.29 and its two-hundred day moving average price is $43.46. Experian has a one year low of $32.26 and a one year high of $55.21.

Wall Street Analyst Weigh In

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

Experian Company Profile

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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