Factor Model (net -1.2)
Factor Model
net -1.2 3.6 / 10IHS short interest drops 30% sharply
Watch: Monitor regulatory approvals and execution risk around the $8.50 MTN acquisition to see if the takeover price sustains or falls on deal delays.
Short interest in IHS fell sharply by 29.6% to 381,599 shares, lowering the short percent of float to 0.2%. This reduced days to cover to 0.3, signaling easing bearish pressure. Despite this, insider selling persists with three sellers offloading $2.83M; institutional holders like Renaissance and Citadel maintain strong positions amid decelerating revenue and a downtrend stock price.
The sharp drop in short interest indicates reduced pessimism or short covering as the $8.50 takeover premium holds, despite insider selling and revenue headwinds.
Evidence
Fundamentals & Data ▾
Recent transactions
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