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

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) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,200 shares, adeclineof71.4% from the July 15th total of 4,200 shares. Based on an average daily volume of 3,400 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 3,400 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

ISMAY has been the topic of a number of recent analyst reports. 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. Kepler Capital Markets upgraded shares of Indra Sistemas from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 20th. Finally, BNP Paribas initiated coverage on shares of Indra Sistemas in a research report on Tuesday, May 13th. They issued a "neutral" rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Indra Sistemas currently has an average rating of "Buy".

Indra Sistemas Stock Performance

Shares of Indra Sistemas stock traded up $0.1250 during trading hours on Thursday, reaching $19.40. 583 shares of the company's stock were exchanged, compared to its average volume of 1,927. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40. Indra Sistemas has a 52-week low of $8.05 and a 52-week high of $23.49. The company has a fifty day moving average of $21.02 and a 200-day moving average of $17.07.

Indra Sistemas Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, July 25th. Investors of record on Thursday, July 10th were issued a $0.0882 dividend. The ex-dividend date was Wednesday, July 9th. This represents a yield of 42.0%. Indra Sistemas's dividend payout ratio (DPR) is presently 7.63%.

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.