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ITV Plc (OTCMKTS:ITVPY) Short Interest Fell 99.1% In December.

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ITV Plc (OTCMKTS:ITVPY) Short Interest Fell 99.1% In December.

(CTN News) – ITV plc (OTCMKTS: ITVPY) saw a significant decline in short positions during December. As of December 15, there were 300 shares outstanding, which is a decrease of 31,900 shares, or 99.1%, from November 30, when there were 31,900 shares available.

Taking into account an average daily trading volume of 53,600 shares, the short-interest ratio in the market is currently 0.0 days. The number was determined after taking into account the liquidity of the market.

Additionally, the company recently announced a dividend that was paid out on December 13. It was just recently made public that this news had been announced.

On Friday, October 21, $0.1685 per share of dividends were paid to stockholders whose names and addresses were on record with the company.

The dividend was due. On Thursday, October 20, this past week, the dividend was due.

Therefore, we obtain a yield of 7.51%.
At noon on Wednesday, the price of OTCMKTS: ITV Plc rose by $0.05, bringing its total to $8.90.

A total of 7,543 transactions took place, with an average volume of 27,891 shares traded per transaction. Throughout the past year, ITV prices have fluctuated widely, from as low as $5.98 to as high as $17.27.

Over the past 50 days, the stock has traded at $8.62, and over the past 200 days, it has traded at $8.07.
Public reports on ITVPY have been produced by a number of research organizations.

As a result of recent market conditions, Societe Generale announced in a research report that was released on Thursday, November 10, that they are lowering their price objective for ITV Plc shares from GBX 126 ($1.52) to GBX 121 ($1.46).

As announced in a report published on Monday, December 12, JPMorgan Chase & Co. lowered their price objective for ITV Plc shares from GBX 160 ($1.93) to GBX 140 ($1.69). The research note published by Morgan Stanley on Friday, December 16 lowered their price objective for ITV Plc shares.

GBX 47 ($0.57) has been set as the revised target price, down from GBX 54 ($0.65). In this last adjustment, the most significant changes were made.

ITV plc is an integrated producer and broadcaster that develops, owns, and distributes programming across multiple platforms.

In addition to the United Kingdom, Ireland, and the United States, these programs can be accessed elsewhere. Countries such as the United States, the United Kingdom, and Ireland fall into this category.

The company’s two primary operational divisions are ITV Studios and Media & Entertainment.

Aside from broadcasting free-to-air channels such as ITV, ITV2, ITV3, ITV4, ITVBe, ITV Encore, and CITV, the Media & Entertainment division also produces television commercials.

In addition to HD versions of the channels, these services include many related +1 channels.

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