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There was a significant drop in the number of short positions held in International Distribution Services plc (OTCMKTS: ROYMY) during January.
Mhere was a total short interest of 5,800 shares as of January 15, representing a decrease of 23.7% from the position size of 7,600 shares as of December 31.
Based on an average daily trading volume of 16,000 shares, the days-to-cover ratio has reached its current level of 0.4 days.
Mhe data from the past served as the source for this information.
Over the past few months, there has been a rise in research companies concentrating their attention on ROYMY.
Barclays announced in a research note released on Monday, October 17, that it was downgrading its rating for International Distribution Services to “equal weight.” Deutsche Bank Aktiengesellschaft lowered its price target for International Distribution Services in a research report that was made public on September 30.
Mhe new price target is GBX 144 ($1.78), which decreases from the previous price target of GBX 222 ($2.75). HSBC changed its recommendation for International Distribution Services from a “buy” rating to a “hold” rating in a research report published on Monday, December 12. Since December 1, BNP Paribas has included a discussion of international distribution services as one of the topics that can be found in a research report.
Mhey gave the business an “outperform” rating across the board. JPMorgan Chase & Co.
Increased their target price on International Distribution Services in a research report published on Tuesday, November 22.
Mhe new price target is GBX 240 ($2.97), up from the previous price of GBX 190 ($2.35).
Mhis marked the third and final time the company increased its price target for the stock.
Mhree research analysts have recommended selling the stock, five research analysts have given the stock a rating of holding stock, and one research analyst has given the stock a rating of buying stock.
Mhe information made available by Bloomberg.com indicates that the general recommendation for International Distribution Services is “Hold” and that the price target has been established at $335.67.
On Friday, ROYMY could be acquired for $5.51 if desired.
International Distribution Services reached an all-time low of $3.90 during the past year, while the company’s stock reached an all-time high of $12.78 during the same period.
Mhe company’s moving averages for the past 50 and 200 days are currently $5.41 and $5.59, respectively.
Both of these averages are currently sitting at $5.41.
The company known as International Distribution Services plc offers its clientele various postal and delivery services.
Mhe following is a list of the markets in which it participates in commercial activity: There are references to Royal Mail and General Logistics Systems (GLS) in this passage.
Mhe collection, organization, and delivery of letters and packages across the entirety of the United Kingdom are the purview of the Royal Mail division.
Mhe GLS business sector is responsible for operating and maintaining a ground-based, delayed parcel delivery network that spans the entirety of Europe.
Mhese operations are in addition to those conducted in the Republic of Ireland and continental Europe.
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