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

Identiv, Inc. (NASDAQ:INVE) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 267,123 shares, a growth of 37.5% from the January 15th total of 194,308 shares. Based on an average daily trading volume, of 24,322 shares, the days-to-cover ratio is presently 11.0 days. Currently, 1.2% of the company’s stock are sold short. Currently, 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 24,322 shares, the days-to-cover ratio is presently 11.0 days.

Identiv Stock Performance

Shares of NASDAQ INVE traded down $0.07 during midday trading on Friday, hitting $3.09. The company’s stock had a trading volume of 52,512 shares, compared to its average volume of 28,777. Identiv has a 1-year low of $2.86 and a 1-year high of $4.07. The firm’s fifty day moving average price is $3.45 and its 200-day moving average price is $3.57. The firm has a market cap of $73.39 million, a P/E ratio of -4.23 and a beta of 1.42.

Institutional Investors Weigh In On Identiv

Large investors have recently added to or reduced their stakes in the stock. Prelude Capital Management LLC boosted its holdings in shares of Identiv by 0.6% during the third quarter. Prelude Capital Management LLC now owns 617,481 shares of the technology company’s stock valued at $2,130,000 after acquiring an additional 3,623 shares during the period. Cannell Capital LLC lifted its position in Identiv by 0.6% in the 3rd quarter. Cannell Capital LLC now owns 610,855 shares of the technology company’s stock valued at $2,107,000 after purchasing an additional 3,723 shares during the last quarter. XTX Topco Ltd acquired a new position in Identiv during the 2nd quarter valued at about $38,000. Essex Investment Management Co. LLC increased its stake in shares of Identiv by 3.3% in the third quarter. Essex Investment Management Co. LLC now owns 412,145 shares of the technology company’s stock valued at $1,422,000 after purchasing an additional 13,012 shares during the period. Finally, Wedbush Securities Inc. bought a new stake in shares of Identiv during the third quarter valued at approximately $45,000. 65.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Identiv in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $5.33.

About Identiv

Identiv, Inc (NASDAQ: INVE) is a global provider of physical security and secure identification solutions, delivering hardware and software platforms that protect people, property and assets. Founded in 1969 through the establishment of Hirsch Electronics and later rebranded as Identiv in 2008, the company has evolved to address the convergence of physical and digital security in an increasingly connected world.

The company’s product portfolio spans RFID and NFC reader modules, smart card and credential technologies, access control hardware, secure IoT connectivity, and contactless identification solutions.