Indra Sistemas S.A. Unsponsored ADR (OTCMKTS:ISMAY) Sees Significant Growth in Short Interest

Indra Sistemas S.A. Unsponsored ADR (OTCMKTS:ISMAY) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 15,691 shares, an increase of 227.2% from the September 15th total of 4,795 shares. Based on an average daily volume of 12,981 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.0% of the shares of the stock are sold short.

Indra Sistemas Stock Up 3.0%

ISMAY stock opened at $34.60 on Tuesday. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average of $35.08 and a two-hundred day moving average of $31.81. Indra Sistemas has a 12 month low of $23.11 and a 12 month high of $38.30. The company has a market cap of $12.22 billion, a price-to-earnings ratio of 23.54 and a beta of 0.69.

Indra Sistemas (OTCMKTS:ISMAY) last issued its earnings results on Thursday, July 23rd. The company reported $0.48 earnings per share for the quarter. Indra Sistemas had a return on equity of 22.61% and a net margin of 7.12%. The business had revenue of $2.14 billion for the quarter.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley upgraded shares of Indra Sistemas to an “overweight” rating in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

About Indra Sistemas

Indra Sistemas, SA is a Spanish technology and consulting company that develops solutions for the aerospace, defense, transportation, and information technology sectors. The company provides systems integration, software, consulting, and digital transformation services to government agencies, businesses, and other organizations.

Indra’s activities include defense and security systems, air traffic management, transportation technology, mobility and ticketing platforms, and solutions for aerospace programs.