Itron, Inc. (NASDAQ:ITRI) Short Interest Update

Itron, Inc. (NASDAQ:ITRI) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,300,000 shares, an increase of 5.7% from the October 15th total of 1,230,000 shares. Approximately 2.9% of the company’s stock are sold short. Based on an average daily trading volume, of 338,100 shares, the short-interest ratio is currently 3.8 days.

Analyst Ratings Changes

Several equities analysts recently weighed in on ITRI shares. Seaport Res Ptn reaffirmed a “buy” rating on shares of Itron in a research report on Friday, September 22nd. Piper Sandler upped their target price on Itron from $71.00 to $72.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. StockNews.com lowered Itron from a “strong-buy” rating to a “buy” rating in a report on Friday, October 20th. TD Cowen upped their price objective on Itron from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Finally, Guggenheim started coverage on shares of Itron in a report on Monday, September 11th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $71.89.

Itron Stock Performance

Shares of ITRI stock traded down $0.04 during trading on Friday, reaching $65.99. 242,958 shares of the company’s stock traded hands, compared to its average volume of 306,345. The firm’s 50-day moving average is $60.56 and its 200 day moving average is $66.38. The company has a market capitalization of $3.00 billion, a P/E ratio of 40.38, a PEG ratio of 1.00 and a beta of 1.33. Itron has a 1 year low of $49.19 and a 1 year high of $79.99. The company has a current ratio of 1.82, a quick ratio of 1.32 and a debt-to-equity ratio of 0.36.

Institutional Investors Weigh In On Itron

Several institutional investors have recently made changes to their positions in ITRI. State of Wyoming purchased a new stake in Itron during the 4th quarter worth about $29,000. Quarry LP lifted its holdings in shares of Itron by 240.5% in the second quarter. Quarry LP now owns 429 shares of the scientific and technical instruments company’s stock worth $31,000 after buying an additional 303 shares in the last quarter. Strs Ohio boosted its position in shares of Itron by 100.0% in the first quarter. Strs Ohio now owns 600 shares of the scientific and technical instruments company’s stock valued at $33,000 after acquiring an additional 300 shares during the period. Covestor Ltd grew its stake in Itron by 9,150.0% during the third quarter. Covestor Ltd now owns 555 shares of the scientific and technical instruments company’s stock valued at $34,000 after acquiring an additional 549 shares in the last quarter. Finally, US Bancorp DE increased its holdings in Itron by 30.7% during the 1st quarter. US Bancorp DE now owns 1,040 shares of the scientific and technical instruments company’s stock worth $54,000 after acquiring an additional 244 shares during the period. Hedge funds and other institutional investors own 95.12% of the company’s stock.

Itron Company Profile

Itron, Inc, a technology and service company, provides end-to-end solutions that help manage operations in the energy, water, and smart city space worldwide. It operates through three segments: Device Solutions, Networked Solutions, and Outcomes. The Device Solutions segment offers hardware products that are used for measurement, control, or sensing.