Intellicheck Inc (NYSEAMERICAN:IDN) Short Interest Down 25.2% in August
Intellicheck Inc (NYSEAMERICAN:IDN) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 255,800 shares, a decline of 25.2% from the July 31st total of 342,200 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average daily trading volume, of 64,900 shares, the days-to-cover ratio is presently 3.9 days.
A number of research analysts recently issued reports on the stock. Northland Securities restated a “buy” rating and set a $7.00 price objective on shares of Intellicheck in a report on Friday, August 2nd. Zacks Investment Research upgraded shares of Intellicheck from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a report on Wednesday, August 7th.
Several institutional investors have recently made changes to their positions in the business. Morgan Stanley increased its holdings in Intellicheck by 115,798.5% during the 2nd quarter. Morgan Stanley now owns 300,177 shares of the industrial products company’s stock worth $1,738,000 after purchasing an additional 299,918 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Intellicheck by 2.7% in the second quarter. Vanguard Group Inc. now owns 323,480 shares of the industrial products company’s stock valued at $1,873,000 after purchasing an additional 8,498 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Intellicheck by 784.1% in the second quarter. BlackRock Inc. now owns 50,285 shares of the industrial products company’s stock valued at $291,000 after purchasing an additional 44,597 shares during the last quarter. Cutter & CO Brokerage Inc. bought a new stake in shares of Intellicheck in the second quarter worth $193,000. Finally, Clear Harbor Asset Management LLC lifted its position in shares of Intellicheck by 0.6% in the second quarter. Clear Harbor Asset Management LLC now owns 1,336,685 shares of the industrial products company’s stock worth $7,739,000 after purchasing an additional 7,575 shares in the last quarter.
Intellicheck (NYSEAMERICAN:IDN) last issued its quarterly earnings data on Thursday, August 1st. The industrial products company reported ($0.06) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.01. The business had revenue of $1.56 million for the quarter, compared to analyst estimates of $1.38 million.
Intellicheck, Inc, a technology company, develops, integrates, and markets threat identification and identity authentication solutions for retail fraud prevention, law enforcement threat identification, and mobile and handheld access control and security systems primarily in the United States. It provides identity systems products, including commercial identification products, such as ID Check SDK for software developers; Retail ID, an authentication solution that authenticates identification documents; Retail ID Online, authenticates an online user's identification documents; Retail ID Mobile that provides the fraud reduction benefits of Retail ID; Age ID, a designation for various hand held devices; Guest ID, a software application that speeds up check-in and ID verification at hotels and motels; ID Check POS, a software application that runs on various VeriFone devices; ID Check BHO, a browser helper object for Microsoft browser; ID Check PC, a standalone software solution; State Aware software; software products for data collection devices; and instant credit application kiosk software applications.
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