Issuer Direct Corp (NYSEAMERICAN:ISDR) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 1,800 shares, a drop of 28.0% from the January 15th total of 2,500 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 13,000 shares, the days-to-cover ratio is currently 0.1 days.

ISDR stock opened at $12.00 on Friday. Issuer Direct has a 52-week low of $8.80 and a 52-week high of $13.96.

An institutional investor recently bought a new position in Issuer Direct stock. Renaissance Technologies LLC bought a new position in shares of Issuer Direct Corp (NYSEAMERICAN:ISDR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,101 shares of the information technology services provider’s stock, valued at approximately $118,000. Renaissance Technologies LLC owned about 0.27% of Issuer Direct as of its most recent SEC filing.

Separately, Zacks Investment Research cut Issuer Direct from a “buy” rating to a “hold” rating in a research note on Thursday, January 2nd.

Issuer Direct Company Profile

Issuer Direct Corporation provides disclosure management solutions, shareholder communications tools, and cloud-based compliance technologies in North America and Europe. It offers products and services that enable companies' to produce and distribute their financial and business communications online and in print.

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