Ituran Location and Control Ltd. (NASDAQ:ITRN) Short Interest Down 56.3% in December

Ituran Location and Control Ltd. (NASDAQ:ITRN - Get Free Report) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 15,900 shares, a decrease of 56.3% from the December 15th total of 36,400 shares. Based on an average daily volume of 73,700 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On Ituran Location and Control

Several large investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. acquired a new position in Ituran Location and Control in the fourth quarter valued at approximately $835,000. CWA Asset Management Group LLC raised its position in shares of Ituran Location and Control by 20.3% during the 4th quarter. CWA Asset Management Group LLC now owns 12,708 shares of the industrial products company's stock valued at $396,000 after acquiring an additional 2,144 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Ituran Location and Control by 58.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 39,464 shares of the industrial products company's stock valued at $1,047,000 after purchasing an additional 14,527 shares during the period. DGS Capital Management LLC boosted its position in shares of Ituran Location and Control by 14.8% in the 3rd quarter. DGS Capital Management LLC now owns 19,030 shares of the industrial products company's stock worth $505,000 after purchasing an additional 2,460 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Ituran Location and Control by 132.1% during the third quarter. Barclays PLC now owns 7,731 shares of the industrial products company's stock worth $206,000 after purchasing an additional 4,400 shares during the period. Institutional investors and hedge funds own 94.80% of the company's stock.

Ituran Location and Control Stock Performance

Shares of NASDAQ ITRN traded up $0.82 during trading on Tuesday, reaching $32.59. The company had a trading volume of 92,068 shares, compared to its average volume of 139,159. Ituran Location and Control has a 52 week low of $24.12 and a 52 week high of $33.09. The business's 50 day moving average price is $29.96 and its 200-day moving average price is $27.84. The stock has a market cap of $648.35 million, a PE ratio of 12.49 and a beta of 1.15.

Ituran Location and Control Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd were given a dividend of $0.39 per share. The ex-dividend date was Monday, December 23rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.79%. Ituran Location and Control's payout ratio is currently 59.77%.

About Ituran Location and Control

Ituran Location and Control Ltd., together with its subsidiaries, provides location based telematics services and machine-to-machine telematics products. It operates through two segments, Telematics Services and Telematics Products. The Telematics services segment offers stolen vehicle recovery and tracking services, which enables to locate, track, and recover stolen vehicles for its subscribers; fleet management services that enable corporate and individual customers to track and manage their vehicles in real time; and locator services that allow customers to protect valuable merchandise and equipment.

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