Short Interest in Intrum AB (publ) (OTCMKTS:ITJTY) Grows By 140.2%

Intrum AB (publ) (OTCMKTS:ITJTY) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 2,592 shares, an increase of 140.2% from the February 12th total of 1,079 shares. Based on an average daily volume of 408 shares, the days-to-cover ratio is currently 6.4 days. Based on an average daily volume of 408 shares, the days-to-cover ratio is currently 6.4 days.

Intrum AB (publ) Stock Performance

Shares of ITJTY stock opened at $4.25 on Friday. Intrum AB has a one year low of $2.50 and a one year high of $7.56. The company’s fifty day moving average price is $4.89 and its 200-day moving average price is $4.74.

Intrum AB (publ) Company Profile

Intrum AB (publ) is a leading European provider of credit management services, helping companies and consumers make sound credit decisions and manage outstanding receivables. The company’s core offerings include debt collection, outsourcing of credit management processes, receivables purchase, credit information and scoring, as well as consultancy on credit risk. Through these services, Intrum assists clients in optimizing cash flow, reducing credit losses and maintaining healthy customer relationships.

Founded through the merger of Intrum Justitia and Lindorff in 2017, Intrum has grown into a pan-European organisation with operations in more than 20 markets.