Infosys Limited (INFY) Short Interest Up 8.7% in November

Infosys Limited (NYSE:INFY) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 78,436,947 shares, a growth of 8.7% from the October 31st total of 72,132,226 shares. Based on an average trading volume of 3,526,236 shares, the short-interest ratio is presently 22.2 days.

INFY has been the topic of a number of recent analyst reports. BidaskClub downgraded Infosys from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 4th. Zacks Investment Research downgraded Infosys from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Deutsche Bank raised Infosys from a “hold” rating to a “buy” rating in a report on Monday, August 28th. Robert W. Baird reaffirmed a “hold” rating and issued a $16.00 target price on shares of Infosys in a report on Sunday, September 3rd. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Infosys in a report on Thursday, October 26th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. Infosys currently has a consensus rating of “Hold” and a consensus price target of $15.34.

Large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its holdings in shares of Infosys by 198.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,967 shares of the technology company’s stock worth $120,000 after purchasing an additional 5,295 shares in the last quarter. Equity Investment Corp Acquisition Inc acquired a new stake in shares of Infosys during the 2nd quarter worth approximately $151,000. Foster & Motley Inc. acquired a new stake in shares of Infosys during the 3rd quarter worth approximately $166,000. Rational Advisors LLC acquired a new stake in shares of Infosys during the 2nd quarter worth approximately $183,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Infosys by 4.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 13,365 shares of the technology company’s stock worth $201,000 after purchasing an additional 605 shares in the last quarter. 18.95% of the stock is currently owned by institutional investors.

Shares of Infosys (NYSE:INFY) opened at $15.06 on Friday. The stock has a market capitalization of $34,422.32, a P/E ratio of 15.53, a price-to-earnings-growth ratio of 1.64 and a beta of 0.69. Infosys has a fifty-two week low of $13.42 and a fifty-two week high of $16.15.

Infosys (NYSE:INFY) last announced its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Infosys had a return on equity of 21.05% and a net margin of 21.04%. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same quarter last year, the firm earned $0.24 EPS. equities research analysts predict that Infosys will post 0.98 earnings per share for the current year.

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Infosys Company Profile

Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.

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