Idt Corporation New (NYSE:IDT) Shorted Shares Decreased By 9.07%

Author:OMO Release Date: 2016年3月11日


The stock of Idt Corporation New (NYSE:IDT) registered a decrease of 9.07% in short interest. IDT’s total short interest was 456,000 shares in March as published by FINRA. Its down 9.07% from 501,500 shares, reported previously. With 83,000 shares average volume, it will take short sellers 6 days to cover their IDT’s short positions. The short interest to Idt Corporation New’s float is 2.82%. The stock increased 1.05% or $0.15 during the last trading session, hitting $14.44. About 82,388 shares traded hands. IDT Corporation (NYSE:IDT) has declined 15.31% since August 5, 2015 and is downtrending. It has underperformed by 10.34% the S&P500.

IDT Corporation is a holding company with activities primarily in the telecommunications and payment industries. The company has a market cap of $346.79 million. The Firm operates through divisions, including Telecom Platform Services, Consumer Phone Services and All Other. It has 32.88 P/E ratio. The Company’s Telecom Platform Services segment provides retail telecommunications and payment offerings, as well as wholesale international long distance traffic termination.

The institutional sentiment increased to 1.17 in 2015 Q3. Its up 0.19, from 0.98 in 2015Q2. The ratio is positive, as 13 funds sold all IDT Corporation shares owned while 35 reduced positions. 12 funds bought stakes while 44 increased positions. They now own 18.74 million shares or 53.74% more from 12.19 million shares in 2015Q2.

Lucus Advisors Llc holds 0.24% of its portfolio in IDT Corporation for 29,667 shares. Tfs Capital Llc owns 135,952 shares or 0.19% of their US portfolio. Moreover, Gsa Capital Partners Llp has 0.17% invested in the company for 238,249 shares. The Connecticut-based O'Shaughnessy Asset Management Llc has invested 0.13% in the stock. Hillsdale Investment Management Inc., a Ontario – Canada-based fund reported 24,200 shares.

Since April 16, 2015, the stock had 0 insider buys, and 2 sales for $48,472 net activity. Cosentino Eric F. sold 1,200 shares worth $16,146. Silberman Mitch sold 2,407 shares worth $32,326. Pereira Bill sold 10,000 shares worth $190,560.

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