Itv Plc. (OTCMKTS:ITVPY) Short Interest Down 49.8% in June

Itv Plc. (OTCMKTS:ITVPY) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,866 shares, a decline of 49.8% from the May 31st total of 3,716 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 11,910 shares, the days-to-cover ratio is presently 0.2 days.

ITV Stock Performance

Shares of ITVPY traded up $0.02 during mid-day trading on Wednesday, hitting $10.81. 170 shares of the company’s stock were exchanged, compared to its average volume of 22,328. The stock’s 50-day moving average is $10.92 and its 200-day moving average is $10.85. The company has a quick ratio of 0.83, a current ratio of 1.29 and a debt-to-equity ratio of 0.24. ITV has a fifty-two week low of $8.67 and a fifty-two week high of $12.04.

Wall Street Analysts Forecast Growth

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

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.