Short Interest in Indra Sistemas S.A. Unsponsored ADR (OTCMKTS:ISMAY) Declines By 71.4%

Key Points

• Short interest in Indra Sistemas S.A. declined by 71.4% in July, dropping from 4,200 shares to 1,200 shares, reflecting a short-interest ratio of just 0.4 days based on average daily volume.
• Analysts have upgraded Indra Sistemas from a "hold" to a "strong-buy" rating, indicating increased market confidence in the company's performance.
• Indra Sistemas recently cut its dividend to $0.0882 per share, representing a high dividend yield of 42.0%, with a payout ratio of 6.78%.

Indra Sistemas S.A. Unsponsored ADR (OTCMKTS:ISMAY - Get Free Report) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 1,200 shares, adropof71.4% from the July 15th total of 4,200 shares. Based on an average daily volume of 3,400 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 3,400 shares, the short-interest ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Kepler Capital Markets raised shares of Indra Sistemas from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 20th. The Goldman Sachs Group upgraded shares of Indra Sistemas from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, BNP Paribas initiated coverage on shares of Indra Sistemas in a research note on Tuesday, May 13th. They set a "neutral" rating on the stock.

Indra Sistemas Stock Performance

Shares of OTCMKTS:ISMAY remained flat at $20.45 during trading hours on Friday. 10 shares of the company's stock traded hands, compared to its average volume of 2,025. The firm has a fifty day moving average price of $21.06 and a two-hundred day moving average price of $16.77. Indra Sistemas has a 12 month low of $8.05 and a 12 month high of $23.49. The firm has a market capitalization of $7.22 billion, a price-to-earnings ratio of 17.33 and a beta of 0.74. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.24 and a quick ratio of 1.24.

Indra Sistemas Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, July 25th. Investors of record on Thursday, July 10th were paid a dividend of $0.0882 per share. This represents a dividend yield of 42.0%. The ex-dividend date was Wednesday, July 9th. Indra Sistemas's dividend payout ratio (DPR) is currently 6.78%.

About Indra Sistemas

Indra Sistemas, SA operates as a technology and consulting company for aerospace, defense, and mobility business worldwide. The company operates through four segments: Defence, Air Traffic, Mobility, and Minsait. It offers Mova Consulting for planing and designing transport infrastructures; Mova Collect for ticketing, tolling, and back office applications; Mova Traffic for building traffic management and control solutions; Mova Protect for protection of businesses and people; Mova Experience; Mova Comms for connecting the transportation ecosystem with personalized communication solutions; Mova Care that provides infrastructure operation and maintenance, technology operation and maintenance, and transportation services operation and maintenance; and In-Mova Space, a technological mobility and infrastructure management platform.

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