Short Interest in IDT Co. (NYSE:IDT) Sees a 6.7% Increase

IDT Co. (NYSE:IDT) has experienced a notable increase in short interest during November. As of November 30th, the short interest totaled 273,100 shares, reflecting a 6.7% rise from the previous total of 256,000 shares reported on November 15th. Currently, about 1.3% of the company's stock is sold short. With an average daily trading volume of 105,000 shares, the short-interest ratio stands at 2.6 days.

Insider Buying and Selling

In related news, the CFO, Marcelo Fischer, sold 600 shares of the company's stock on October 14th, with an average selling price of $48.57. The total value of the transaction amounted to $29,142. After this sale, Fischer now holds 37,573 shares of IDT, valued at approximately $1,824,920.61, indicating a 1.57% decrease in his stock position. This transaction was legally reported to the SEC. Additionally, EVP Nadine Shea sold 1,000 shares on December 9th at an average price of $53.74, resulting in a total sale value of $53,740. Following this sale, Shea owns 4,775 shares of IDT, valued at around $256,608.50, marking a 17.32% decline in her ownership. In total, insiders sold 35,582 shares valued at $1,686,308 during the last three months, with corporate insiders currently holding 25.32% of the stock.

Institutional Inflows and Outflows

Institutional investors have recently adjusted their holdings in IDT. Cerity Partners LLC increased its stake in IDT by 121.7% in the third quarter, acquiring an additional 52,532 shares to hold a total of 95,700 shares valued at $3,653,000. Renaissance Technologies LLC raised its holdings by 2.7% during the second quarter, currently owning 1,106,606 shares valued at $39,749,000 after adding 29,100 shares. Furthermore, Marshall Wace LLP acquired a new position in IDT during the same quarter, valued at approximately $976,000. Geode Capital Management LLC increased its stake by 6.5% in the third quarter, owning 421,096 shares worth $16,077,000 after purchasing 25,541 shares. Lastly, Americana Partners LLC bought a new stake in the second quarter valued at about $898,000. Institutional and hedge fund investors together own 59.34% of the company's stock.

IDT Trading Overview

On the trading front, IDT (NYSE:IDT) saw its stock increase slightly by $0.01, bringing the price to $49.56. Approximately 87,277 shares traded hands, compared to the average volume of 85,803 shares. The company has a 50-day moving average of $49.28 and a 200-day moving average of $41.40, with a 12-month low of $32.08 and a high of $58.77. The market capitalization of IDT stands at $1.25 billion, featuring a price-to-earnings ratio of 16.97 and a beta of 0.78.

IDT last reported its quarterly earnings on October 8th, announcing an earnings per share (EPS) of $0.51 for the quarter. The company posted a net margin of 6.10% and a return on equity of 22.18%, with revenues amounting to $308.83 million.

Dividend Announcement

The company recently declared a quarterly dividend, which was paid on October 7th. Shareholders of record as of September 30th received a dividend of $0.05 per share, making for an annualized dividend of $0.20 and a yield of 0.40%. IDT's dividend payout ratio is recorded at 6.85%.

IDT Company Overview

IDT Corporation provides various communications and payment services not only in the United States but also in the United Kingdom and internationally. The company operates through multiple segments, including Fintech, National Retail Solutions, net2phone, and Traditional Communications. Among its services, IDT offers point-of-sale solutions, which provide independent retailers with store management software, electronic payment processing services, and additional merchant services, alongside digital out-of-home advertising and transaction data for marketers.

IDT, Stocks, Insider