Short Interest in Indra Sistemas S.A. Unsponsored ADR (OTCMKTS:ISMAY) Declines By 51.2%

Indra Sistemas S.A. Unsponsored ADR (OTCMKTS:ISMAY) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 4,578 shares, a decrease of 51.2% from the December 15th total of 9,375 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 22,653 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 22,653 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

ISMAY has been the subject of several analyst reports. Oddo Bhf upgraded Indra Sistemas to a “neutral” rating in a research note on Monday, October 27th. Berenberg Bank upgraded shares of Indra Sistemas to a “strong-buy” rating in a research note on Wednesday, September 17th. Three research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Indra Sistemas Stock Down 2.0%

Shares of OTCMKTS ISMAY traded down $0.68 during mid-day trading on Wednesday, reaching $33.31. 3,021 shares of the company were exchanged, compared to its average volume of 3,534. Indra Sistemas has a 52 week low of $8.05 and a 52 week high of $34.71. The company’s 50 day moving average price is $28.58 and its 200 day moving average price is $24.48. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.46 and a current ratio of 1.46.

Indra Sistemas (OTCMKTS:ISMAY) last released its earnings results on Thursday, October 30th. The company reported $0.26 EPS for the quarter. Indra Sistemas had a return on equity of 27.69% and a net margin of 7.66%.The business had revenue of $1.36 billion for the quarter.

Indra Sistemas Company Profile

Indra Sistemas SA is a Madrid-based global technology and consulting firm specializing in information and communications technology (ICT) and defense systems. The company designs, develops and implements turnkey solutions for sectors including transportation, energy, public administration, financial services, telecommunications and security. Through system integration, application development, managed services and outsourcing, Indra helps clients navigate digital transformation and optimize operational performance.

In its defense and security business, Indra delivers radar systems, air traffic management platforms, command-and-control centers, simulation and training tools, as well as cybersecurity solutions.