Itv Plc. (OTCMKTS:ITVPY) Sees Large Decline in Short Interest

Itv Plc. (OTCMKTS:ITVPY) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 1,866 shares, a decrease of 49.8% from the May 31st total of 3,716 shares. Based on an average daily trading volume, of 11,910 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

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

ITV Price Performance

OTCMKTS ITVPY remained flat at $10.80 during trading on Tuesday. The company’s stock had a trading volume of 5,403 shares, compared to its average volume of 4,969. The company has a quick ratio of 0.83, a current ratio of 1.29 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average of $10.92 and a two-hundred day moving average of $10.86. ITV has a fifty-two week low of $8.67 and a fifty-two week high of $12.04.

ITV Company Profile

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.