Informa plc (OTCMKTS:IFJPY) Sees Significant Drop in Short Interest

Informa plc (OTCMKTS:IFJPYGet Rating) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 2,100 shares, a drop of 86.8% from the April 30th total of 15,900 shares. Based on an average trading volume of 91,600 shares, the short-interest ratio is presently 0.0 days.

Shares of IFJPY stock traded down $0.37 on Wednesday, reaching $13.72. 46,793 shares of the company were exchanged, compared to its average volume of 34,939. The business has a 50-day moving average price of $14.95 and a 200 day moving average price of $14.64. Informa has a 1 year low of $12.19 and a 1 year high of $16.92.

Several analysts have commented on IFJPY shares. Credit Suisse Group raised their price objective on Informa from GBX 673 ($8.47) to GBX 730 ($9.19) in a report on Wednesday, March 16th. Morgan Stanley lifted their price target on shares of Informa from GBX 600 ($7.55) to GBX 680 ($8.56) in a research note on Tuesday, March 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $705.00.

About Informa (Get Rating)

Informa plc operates as a business-to-business exhibitions and events, learning, and information services company worldwide. It operates through five divisions: Informa Connect, Informa Intelligence, Informa Markets, Informa Tech, and Taylor & Francis. The Informa Connect division provides content-driven events and digital platforms that allow professionals to meet, connect, learn, and share knowledge.

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