Infratil Limited (OTCMKTS:IFUUF – Get Free Report) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 1,462,491 shares, a drop of 35.3% from the August 15th total of 2,259,623 shares. Based on an average daily volume of 354 shares, the short-interest ratio is currently 4,131.3 days.
Infratil Stock Performance
Shares of IFUUF remained flat at $8.10 during trading hours on Thursday. The company had a trading volume of 352 shares, compared to its average volume of 3,091. Infratil has a twelve month low of $6.31 and a twelve month high of $9.65. The stock has a 50-day simple moving average of $9.02 and a two-hundred day simple moving average of $8.27.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group assumed coverage on shares of Infratil in a research note on Sunday, June 21st. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.
About Infratil
Infratil Limited is an infrastructure investment firm specializing in digital Infrastructure, renewables, and social infrastructure. They prefer to invest in renewable electricity, data centers, telecommunications networks healthcare, and airports. It invests around the world. Infratil Limited was incorporated in 1994 and is based in Wellington, New Zealand.
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