Iteris, Inc. (NASDAQ:ITI) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 953,693 shares, a decrease of 28.4% from the August 31st total of 1,331,490 shares. Based on an average daily volume of 130,733 shares, the short-interest ratio is presently 7.3 days. Currently, 3.5% of the shares of the stock are sold short.
Shares of Iteris (NASDAQ:ITI) traded up 1.03% during trading on Friday, reaching $7.83. 154,959 shares of the company’s stock traded hands. The company’s 50-day moving average is $6.65 and its 200 day moving average is $6.07. The company’s market cap is $254.99 million. Iteris has a 52-week low of $3.20 and a 52-week high of $8.17.
Separately, Dougherty & Co restated a “buy” rating on shares of Iteris in a research report on Thursday, August 17th.
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Iteris, Inc is a provider of information solutions for both the traffic management and global agribusiness markets. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics. The Roadway Sensors segment provides various vehicle detection and information systems and products for traffic intersection control, incident detection and roadway traffic data collection applications.
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