Identiv, Inc. (NASDAQ:INVE) Short Interest Update

Identiv, Inc. (NASDAQ:INVE) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 157,100 shares, a growth of 12.0% from the March 31st total of 140,300 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily volume of 97,700 shares, the days-to-cover ratio is currently 1.6 days.

Identiv Trading Down 1.8 %

NASDAQ INVE opened at $5.04 on Wednesday. The firm’s fifty day moving average price is $6.98 and its two-hundred day moving average price is $7.19. Identiv has a 1 year low of $4.72 and a 1 year high of $9.26. The firm has a market capitalization of $117.58 million, a P/E ratio of -18.00 and a beta of 1.29.

Identiv (NASDAQ:INVE) last released its quarterly earnings results on Tuesday, March 12th. The technology company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The business had revenue of $28.99 million during the quarter, compared to analyst estimates of $30.00 million. Identiv had a negative net margin of 4.72% and a negative return on equity of 7.39%. On average, research analysts anticipate that Identiv will post -0.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in INVE. Barclays PLC grew its position in shares of Identiv by 148.5% during the 3rd quarter. Barclays PLC now owns 11,583 shares of the technology company’s stock worth $97,000 after buying an additional 6,921 shares during the period. Potomac Capital Management Inc. raised its stake in shares of Identiv by 100.0% during the 3rd quarter. Potomac Capital Management Inc. now owns 20,000 shares of the technology company’s stock worth $169,000 after purchasing an additional 10,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Identiv by 34.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,343 shares of the technology company’s stock worth $349,000 after purchasing an additional 10,636 shares during the period. Trexquant Investment LP raised its stake in shares of Identiv by 74.6% during the 3rd quarter. Trexquant Investment LP now owns 47,022 shares of the technology company’s stock worth $397,000 after purchasing an additional 20,098 shares during the period. Finally, Citigroup Inc. bought a new stake in Identiv in the 3rd quarter valued at about $459,000. Institutional investors own 65.16% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on INVE. B. Riley cut their price target on shares of Identiv from $10.00 to $9.50 and set a “buy” rating on the stock in a report on Wednesday, March 13th. StockNews.com upgraded shares of Identiv from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th.

Identiv Company Profile

Identiv, Inc, a security technology company, that provides secure identification and physical security solutions that secure things, data, and physical places worldwide. It operates in two segments, Identity and Premises. The Identity segment offers products and solutions that enables secure access to information serving the logical access and cyber security markets, as well as protecting connected objects and information using radio-frequency identification embedded security.