Itv Plc. (OTCMKTS:ITVPY) Sees Significant Growth in Short Interest

Itv Plc. (OTCMKTS:ITVPY) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 3,716 shares, a growth of 279.6% from the May 14th total of 979 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 316,466 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets raised shares of ITV from a “hold” rating to a “strong-buy” rating in a report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, ITV presently has an average rating of “Buy”.

ITV Price Performance

ITVPY traded down $0.29 on Friday, hitting $11.01. 1,969 shares of the stock were exchanged, compared to its average volume of 24,340. ITV has a 12 month low of $8.67 and a 12 month high of $12.04. The business has a 50-day moving average of $10.81 and a two-hundred day moving average of $10.85. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 0.24.

About ITV

ITV plc is a United Kingdom–based broadcasting and media production company best known for its portfolio of free-to-air television channels, including ITV, ITV2, ITV3, ITV4 and CITV. The company generates revenue primarily through advertising sales across its broadcast network and digital platforms. In addition to traditional linear broadcasting, ITV offers on-demand and catch-up services via its streaming portal, providing viewers access to drama, entertainment, reality and sports programming.

Through its production arm, ITV Studios, the company develops, produces and distributes original content for both its own channels and third-party broadcasters and streaming platforms.