Iteris, Inc. (NASDAQ:ITI – Get Free Report) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 157,400 shares, a drop of 7.8% from the May 31st total of 170,800 shares. Based on an average trading volume of 92,700 shares, the short-interest ratio is currently 1.7 days.
Analyst Ratings Changes
Several brokerages have recently commented on ITI. Maxim Group began coverage on shares of Iteris in a research report on Tuesday, April 30th. They set a “buy” rating and a $11.00 price objective on the stock. StockNews.com downgraded shares of Iteris from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 19th.
Check Out Our Latest Stock Report on Iteris
Hedge Funds Weigh In On Iteris
Iteris Trading Up 3.4 %
ITI traded up $0.15 during trading on Wednesday, hitting $4.51. 121,299 shares of the company traded hands, compared to its average volume of 116,195. The company has a market cap of $193.79 million, a PE ratio of 62.29 and a beta of 0.83. The stock’s 50-day simple moving average is $4.45 and its two-hundred day simple moving average is $4.75. Iteris has a 1 year low of $3.72 and a 1 year high of $5.49.
About Iteris
Iteris, Inc provides intelligent transportation systems technology solutions in North America, Europe, South America, and Asia. The company offers smart mobility infrastructure solutions include traveler information systems, transportation performance measurement software, traffic analytics software, transportation operations software, transportation-related data sets, advanced sensing devices, managed services, traffic engineering services, and mobility consulting services.
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