Iteris, Inc. (NASDAQ:ITI) was the target of a large decline in short interest in September. As of September 15th, there was short interest totalling 953,693 shares, a decline of 28.4% from the August 31st total of 1,331,490 shares. Based on an average trading volume of 130,733 shares, the days-to-cover ratio is currently 7.3 days. Currently, 3.5% of the company’s stock are sold short.

ITI has been the subject of a number of research reports. Dougherty & Co reaffirmed a “buy” rating on shares of Iteris in a research report on Thursday, August 17th. B. Riley reiterated a “buy” rating on shares of Iteris in a report on Friday, June 9th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Iteris currently has an average rating of “Buy” and an average target price of $5.88.

Shares of Iteris (ITI) opened at 6.63 on Tuesday. Iteris has a 1-year low of $3.20 and a 1-year high of $6.91. The firm’s market cap is $215.91 million. The stock has a 50 day moving average price of $6.24 and a 200-day moving average price of $5.93.

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Iteris Company Profile

Iteris, Inc is a provider of information solutions for both the traffic management and global agribusiness markets. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics. The Roadway Sensors segment provides various vehicle detection and information systems and products for traffic intersection control, incident detection and roadway traffic data collection applications.

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