IHS Markit Ltd (NASDAQ:INFO) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 9,517,560 shares, a growth of 40.7% from the December 14th total of 6,762,032 shares. Currently, 2.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,064,744 shares, the days-to-cover ratio is currently 3.1 days.
Several institutional investors and hedge funds have recently made changes to their positions in INFO. Tower Research Capital LLC TRC acquired a new position in shares of IHS Markit in the 2nd quarter worth approximately $124,000. First Hawaiian Bank grew its stake in shares of IHS Markit by 56.1% in the 4th quarter. First Hawaiian Bank now owns 2,705 shares of the business services provider’s stock worth $130,000 after purchasing an additional 972 shares during the last quarter. Great West Life Assurance Co. Can acquired a new position in shares of IHS Markit in the 2nd quarter worth approximately $173,000. Wedbush Securities Inc. acquired a new position in shares of IHS Markit in the 3rd quarter worth approximately $203,000. Finally, HRT Financial LLC acquired a new position in shares of IHS Markit in the 2nd quarter worth approximately $208,000. 96.20% of the stock is currently owned by institutional investors.
Shares of INFO opened at $49.78 on Friday. The company has a market capitalization of $19.55 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 2.12 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.43 and a current ratio of 0.43. IHS Markit has a 12-month low of $43.07 and a 12-month high of $55.99.
A number of analysts have commented on INFO shares. Zacks Investment Research upgraded shares of IHS Markit from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Tuesday, September 25th. JPMorgan Chase & Co. boosted their price target on shares of IHS Markit from $51.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, September 27th. Barclays started coverage on shares of IHS Markit in a research report on Thursday, October 11th. They set an “overweight” rating on the stock. BidaskClub upgraded shares of IHS Markit from a “hold” rating to a “buy” rating in a research report on Tuesday, December 4th. Finally, Bank of America started coverage on shares of IHS Markit in a research report on Tuesday, October 23rd. They set a “buy” rating and a $63.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $58.33.
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IHS Markit Company Profile
IHS Markit Ltd. provides critical information, analytics, and solutions for various industries and markets that drive economies worldwide. The company's information, analytics, and solutions enhance operational efficiency and offer deep insights for customers in business, finance, and government.
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