Short Interest in Issuer Direct Corp (NYSEAMERICAN:ISDR) Declines By 62.9%

Issuer Direct Corp (NYSEAMERICAN:ISDR) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totalling 1,300 shares, a decline of 62.9% from the February 27th total of 3,500 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 9,100 shares, the short-interest ratio is presently 0.1 days.

Separately, Zacks Investment Research upgraded shares of Issuer Direct from a “sell” rating to a “hold” rating in a report on Tuesday.

Large investors have recently modified their holdings of the company. SkyOak Wealt LLC bought a new position in Issuer Direct during the fourth quarter worth $140,000. Punch & Associates Investment Management Inc. raised its stake in Issuer Direct by 53.7% during the fourth quarter. Punch & Associates Investment Management Inc. now owns 46,100 shares of the information technology services provider’s stock worth $539,000 after buying an additional 16,100 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in Issuer Direct during the fourth quarter worth $118,000.

Shares of NYSEAMERICAN:ISDR traded down $0.10 during mid-day trading on Thursday, reaching $8.88. 15,517 shares of the company’s stock were exchanged, compared to its average volume of 9,131. Issuer Direct has a twelve month low of $8.75 and a twelve month high of $13.45.

Issuer Direct Company Profile

Issuer Direct Corporation provides disclosure management solutions, shareholder communications tools, and cloud-based compliance technologies in North America and Europe. It offers products and services that enable companies' to produce and distribute their financial and business communications online and in print.

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