** Short Sellers on Notice?**
Iteris (ITI), a leader in environmental and infrastructure monitoring, has seen its short interest surge in recent weeks. This could signal a potential opportunity for a short squeeze, but let’s dive into the details.
⬆️ Short Interest Jumps 10.2%
On February 29th, short interest in ITI sat at 195,600 shares. By March 15th, that number ballooned to 215,600 shares, a jump of over 10%! This means more investors are betting Iteris’ stock price will fall.
⏱️ 1.6 Days to Cover? Buckle Up!
The Days to Cover Ratio (DTC) tells us how long it would take short sellers to buy back all their shorted shares, based on average daily trading volume. Here, it gets interesting. Iteris’ current DTC is only 1.6 days, meaning a rapid price increase could force short sellers to scramble and potentially trigger a squeeze.
⚠️ Remember, This Ain’t Financial Advice!
A short squeeze is just a possibility, and market conditions can change quickly. Do your own research before making any investment decisions. Consider Iteris’ fundamentals, future outlook, and overall market trends.
** Stay Informed with Iteris Alerts!**
Want to keep an eye on Iteris’ latest developments, including short interest updates? Sign up for company alerts on their Investor Relations website.
Join the Discussion!
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