Short Interest in ITV plc (OTCMKTS:ITVPY) Declines By 37.9%

ITV plc (OTCMKTS:ITVPYGet Rating) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 3,600 shares, a decline of 37.9% from the March 15th total of 5,800 shares. Based on an average trading volume of 21,600 shares, the short-interest ratio is presently 0.2 days.

Several analysts have weighed in on ITVPY shares. Deutsche Bank Aktiengesellschaft downgraded shares of ITV from a “buy” rating to a “hold” rating in a research note on Wednesday, March 9th. Morgan Stanley downgraded shares of ITV from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from GBX 140 ($1.82) to GBX 110 ($1.43) in a research note on Sunday, January 9th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $110.00.

Shares of ITVPY stock traded up $0.23 during trading hours on Friday, hitting $10.50. 14,144 shares of the company’s stock traded hands, compared to its average volume of 12,169. The stock’s fifty day simple moving average is $12.45 and its two-hundred day simple moving average is $14.19. ITV has a 12-month low of $9.53 and a 12-month high of $19.79.

The company also recently declared a dividend, which will be paid on Friday, June 10th. Investors of record on Tuesday, April 19th will be given a dividend of $0.3843 per share. This represents a dividend yield of 3.74%. The ex-dividend date of this dividend is Monday, April 18th.

ITV Company Profile (Get Rating)

ITV plc, an integrated producer broadcaster, creates, owns, and distributes content on various platforms worldwide. It operates through Media & Entertainment, and ITV Studios segments. The Media & Entertainment segment broadcasts various contents on its family of free-to-air channels, including ITV, ITV2, ITV3, ITV4, ITVBe, ITV Encore, CITV, ITV Breakfast, CITV Breakfast, and various related +1 and HD equivalents; and offers television advertising services.

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