Information Services Group, Inc. (NASDAQ:III) Short Interest Up 11.5% in November

Information Services Group, Inc. (NASDAQ:III) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 139,500 shares, an increase of 11.5% from the October 31st total of 125,100 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 92,900 shares, the days-to-cover ratio is presently 1.5 days.

Analyst Ratings Changes

III has been the subject of a number of recent analyst reports. Singular Research raised Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, November 14th. StockNews.com upgraded Information Services Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Barrington Research upped their target price on shares of Information Services Group from $3.50 to $3.75 and gave the company an “outperform” rating in a research report on Monday, November 11th.

Insider Activity at Information Services Group

In other news, Director Kalpana Raina sold 18,795 shares of Information Services Group stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $3.39, for a total transaction of $63,715.05. Following the sale, the director now directly owns 396,261 shares in the company, valued at approximately $1,343,324.79. The trade was a 4.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 44,931 shares of company stock worth $150,425 in the last ninety days. 16.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of III. ClariVest Asset Management LLC lifted its holdings in shares of Information Services Group by 2.9% during the second quarter. ClariVest Asset Management LLC now owns 119,408 shares of the business services provider’s stock worth $351,000 after purchasing an additional 3,345 shares during the period. Rhumbline Advisers lifted its holdings in Information Services Group by 7.6% during the 2nd quarter. Rhumbline Advisers now owns 57,734 shares of the business services provider’s stock worth $170,000 after buying an additional 4,075 shares during the period. Hsbc Holdings PLC grew its position in shares of Information Services Group by 13.1% in the 2nd quarter. Hsbc Holdings PLC now owns 43,746 shares of the business services provider’s stock valued at $135,000 after buying an additional 5,074 shares during the last quarter. Equitable Trust Co. raised its position in shares of Information Services Group by 4.5% during the third quarter. Equitable Trust Co. now owns 173,472 shares of the business services provider’s stock worth $572,000 after acquiring an additional 7,515 shares during the last quarter. Finally, Copeland Capital Management LLC bought a new stake in Information Services Group in the third quarter valued at approximately $32,000. Institutional investors own 73.10% of the company’s stock.

Information Services Group Stock Performance

Shares of NASDAQ III traded up $0.06 during midday trading on Monday, hitting $3.75. 49,815 shares of the company’s stock were exchanged, compared to its average volume of 102,778. The firm has a market capitalization of $184.01 million, a PE ratio of -52.71, a price-to-earnings-growth ratio of 2.99 and a beta of 0.96. The company’s 50 day moving average price is $3.25 and its 200 day moving average price is $3.24. Information Services Group has a 12 month low of $2.92 and a 12 month high of $4.98. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.69.

Information Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd will be paid a $0.045 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.18 annualized dividend and a dividend yield of 4.80%. Information Services Group’s payout ratio is -257.11%.

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.