Could I3 Verticals Inc (NASDAQ:IIIV) Change Direction After More Shorts?

The stock of I3 Verticals Inc (NASDAQ:IIIV) registered an increase of 98.69% in short interest. IIIV’s total short interest was 121,400 shares in September as published by FINRA. Its up 98.69% from 61,100 shares, reported previously. With 170,500 shares average volume, it will take short sellers 1 days to cover their IIIV’s short positions. The short interest to I3 Verticals Inc’s float is 1.33%.

The stock decreased 0.68% or $0.14 during the last trading session, reaching $20.4. About 88,740 shares traded. i3 Verticals, Inc. (NASDAQ:IIIV) has risen 90.85% since September 13, 2018 and is uptrending. It has outperformed by 90.85% the S&P500.

i3 Verticals, Inc. provides integrated payment and software solutions to small- and medium-sized businesses and organizations in education, non-profit, public sector, property management, and healthcare markets in the United States. The company has market cap of $552.89 million. The firm offers payment processing services, including merchant onboarding, risk and underwriting, authorization, settlement, chargeback processing, and other merchant support. It currently has negative earnings. The Company’s payment processing services enable clients to accept electronic payments, facilitating the exchange of funds and transaction data between clients, financial institutions, and payment networks.

i3 Verticals, Inc. (NASDAQ:IIIV) Ratings Coverage

Among 2 analysts covering i3 Verticals (NASDAQ:IIIV), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. i3 Verticals has $2800 highest and $2300 lowest target. $25.50’s average target is 25.00% above currents $20.4 stock price. i3 Verticals had 2 analyst reports since August 12, 2019 according to SRatingsIntel. The stock of i3 Verticals, Inc. (NASDAQ:IIIV) has “Overweight” rating given on Monday, August 12 by KeyBanc Capital Markets.

More notable recent i3 Verticals, Inc. (NASDAQ:IIIV) news were published by: Finance.Yahoo.com which released: “Is i3 Verticals, Inc. (IIIV) A Good Stock To Buy? – Yahoo Finance” on May 08, 2019, also Globenewswire.com with their article: “i3 Verticals, Inc. Prices Follow-On Offering – GlobeNewswire” published on June 05, 2019, Globenewswire.com published: “i3 Verticals to Participate in the Raymond James 40th Annual Institutional Investors Conference – GlobeNewswire” on February 26, 2019. More interesting news about i3 Verticals, Inc. (NASDAQ:IIIV) were released by: Benzinga.com and their article: “75 Stocks Moving In Friday’s Mid-Day Session – Benzinga” published on August 09, 2019 as well as Fool.com‘s news article titled: “The 7 Best-Performing Tech IPOs of 2018 – The Motley Fool” with publication date: December 14, 2018.

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