Does Ituran Location and Control LTD. – Ordinary Shares (NASDAQ:ITRN) Have Gas After Even More Sellers Involved?

Ituran Location and Control Ltd. (NASDAQ:ITRN) Logo

The stock of Ituran Location and Control LTD. – Ordinary Shares (NASDAQ:ITRN) registered an increase of 41.02% in short interest. ITRN’s total short interest was 179,100 shares in September as published by FINRA. Its up 41.02% from 127,000 shares, reported previously. With 68,300 shares average volume, it will take short sellers 3 days to cover their ITRN’s short positions. The short interest to Ituran Location and Control LTD. – Ordinary Shares’s float is 1.04%.

The stock increased 1.14% or $0.32 during the last trading session, reaching $28.39. About 56,468 shares traded. Ituran Location and Control Ltd. (NASDAQ:ITRN) has declined 14.68% since September 13, 2018 and is downtrending. It has underperformed by 14.68% the S&P500.

Ituran Location and Control Ltd., together with its subsidiaries, provides location services and wireless communications products in Israel, Brazil, Argentina, and the United States. The company has market cap of $579.95 million. The companyÂ’s Location-Based Services segment provides stolen vehicle recovery and tracking services, which enable to locate, track, and recover stolen vehicles for its subscribers; fleet management services that enable corporate and individual clients to track and manage their vehicles in real time; and personal locator services that allow clients to protect valuable merchandise and equipment. It has a 11.31 P/E ratio. This segment also offers on-demand navigation guidance, information, and assistance to its customers, such as the provision of traffic reports, help with directions, and information on the location of gas stations, car repair shops, post offices, hospitals, and other facilities, as well as Connect, a car service based on the Android platform, which provides access to Android market applications and to various services from car systems and remote communications.

More notable recent Ituran Location and Control Ltd. (NASDAQ:ITRN) news were published by: Nasdaq.com which released: “Ituran (ITRN) Q2 Earnings and Revenues Miss Estimates – Nasdaq” on August 28, 2019, also Nasdaq.com with their article: “VeriSign (VRSN) Earnings Expected to Grow: Should You Buy? – Nasdaq” published on April 18, 2019, Nasdaq.com published: “Will Biogen (BIIB) Beat Estimates Again in Its Next Earnings Report? – Nasdaq” on April 02, 2019. More interesting news about Ituran Location and Control Ltd. (NASDAQ:ITRN) were released by: Benzinga.com and their article: “Earnings Scheduled For March 11, 2019 – Benzinga” published on March 11, 2019 as well as Benzinga.com‘s news article titled: “Earnings Scheduled For August 28, 2019 – Benzinga” with publication date: August 28, 2019.

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