IDT Co. (NYSE:IDT) Short Interest Update

IDT Co. (NYSE:IDT) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 666,600 shares, a growth of 16.6% from the January 15th total of 571,600 shares. Based on an average trading volume of 111,400 shares, the days-to-cover ratio is currently 6.0 days. Currently, 3.8% of the shares of the stock are short sold.

NYSE IDT traded up $0.10 on Friday, reaching $8.23. The company’s stock had a trading volume of 30,100 shares, compared to its average volume of 74,010. IDT has a twelve month low of $5.64 and a twelve month high of $11.84. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $215.45 million, a PE ratio of 51.44 and a beta of 1.15. The firm’s 50 day moving average is $7.48 and its two-hundred day moving average is $8.03.

IDT (NYSE:IDT) last issued its quarterly earnings results on Thursday, December 5th. The utilities provider reported $0.07 earnings per share for the quarter. IDT had a net margin of 0.30% and a return on equity of 19.75%. The company had revenue of $340.25 million during the quarter.

In other IDT news, Director Judah Schorr sold 16,665 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $7.23, for a total value of $120,487.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 30.10% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Citigroup Inc. raised its holdings in IDT by 185.9% during the 4th quarter. Citigroup Inc. now owns 4,169 shares of the utilities provider’s stock worth $30,000 after buying an additional 2,711 shares during the period. Russell Investments Group Ltd. raised its holdings in IDT by 43.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 16,233 shares of the utilities provider’s stock worth $173,000 after buying an additional 4,886 shares during the period. Meeder Asset Management Inc. raised its holdings in IDT by 777.5% during the 4th quarter. Meeder Asset Management Inc. now owns 17,523 shares of the utilities provider’s stock worth $127,000 after buying an additional 15,526 shares during the period. California Public Employees Retirement System acquired a new stake in IDT during the 4th quarter worth about $127,000. Finally, UBS Group AG raised its holdings in IDT by 50.1% during the 4th quarter. UBS Group AG now owns 20,353 shares of the utilities provider’s stock worth $147,000 after buying an additional 6,792 shares during the period. Hedge funds and other institutional investors own 41.65% of the company’s stock.

Separately, TheStreet downgraded shares of IDT from a “c-” rating to a “d” rating in a report on Thursday, December 5th.

IDT Company Profile

IDT Corporation operates primarily in the telecommunications and payment industries in the United States and internationally. The company operates in two segments, Telecom & Payment Services, and net2phone-Unified Communications as a Service. The Telecom & Payment Services Services segment offers retail telecommunication products, including international long-distance calling products primarily to foreign-born communities; wholesale international long distance traffic termination services for tier 1 fixed line and mobile network operators, as well as for other service providers; and payment offerings, such as international and domestic airtime top-up, domestic bill payment, and international money transfer services.

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