Information Services Group, Inc. (NASDAQ:III) Sees Significant Increase in Short Interest

Information Services Group, Inc. (NASDAQ:III - Get Free Report) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 282,400 shares, an increase of 40.5% from the March 15th total of 201,000 shares. Based on an average daily trading volume, of 111,300 shares, the short-interest ratio is presently 2.5 days. Approximately 0.9% of the shares of the company are short sold.

Information Services Group Stock Performance

Shares of NASDAQ:III traded up $0.08 on Thursday, hitting $3.75. The company's stock had a trading volume of 15,433 shares, compared to its average volume of 107,490. Information Services Group has a 12 month low of $2.92 and a 12 month high of $4.05. The company has a market capitalization of $180.71 million, a price-to-earnings ratio of -53.49, a price-to-earnings-growth ratio of 1.34 and a beta of 0.94. The stock's 50-day moving average is $3.47 and its two-hundred day moving average is $3.36. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.97 and a current ratio of 1.97.

Information Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 21st were paid a $0.045 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.18 annualized dividend and a dividend yield of 4.81%. Information Services Group's payout ratio is 360.00%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Private Capital Management LLC boosted its position in shares of Information Services Group by 2.9% in the 3rd quarter. Private Capital Management LLC now owns 5,582,413 shares of the business services provider's stock valued at $18,422,000 after purchasing an additional 159,141 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Information Services Group in the 4th quarter valued at $698,000. Barclays PLC boosted its position in shares of Information Services Group by 52.5% in the 3rd quarter. Barclays PLC now owns 101,111 shares of the business services provider's stock valued at $334,000 after purchasing an additional 34,816 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Information Services Group by 5.4% in the 4th quarter. Bank of New York Mellon Corp now owns 344,756 shares of the business services provider's stock valued at $1,151,000 after purchasing an additional 17,629 shares during the period. Finally, SG Americas Securities LLC grew its position in Information Services Group by 40.5% in the fourth quarter. SG Americas Securities LLC now owns 20,752 shares of the business services provider's stock worth $69,000 after acquiring an additional 5,983 shares in the last quarter. Institutional investors own 73.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on III. Barrington Research reissued an "outperform" rating and set a $3.75 price target on shares of Information Services Group in a research report on Monday, March 10th. StockNews.com raised Information Services Group from a "buy" rating to a "strong-buy" rating in a research report on Monday, March 10th.

About Information Services Group

Information Services Group, Inc, together with its subsidiaries, operates as a technology research and advisory company in the Americas, Europe, and the Asia Pacific. The company offers digital transformation services, including automation, cloud, and data analytics; sourcing advisory; managed governance and risk; network carrier; technology strategy and operations design; change management; and market intelligence and technology research and analysis services.