Identiv, Inc. (NASDAQ:INVE) Short Interest Up 105.3% in September

Identiv, Inc. (NASDAQ:INVE) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 264,000 shares, an increase of 105.3% from the August 31st total of 128,600 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 61,500 shares, the days-to-cover ratio is currently 4.3 days. Based on an average daily trading volume, of 61,500 shares, the days-to-cover ratio is currently 4.3 days. Approximately 1.4% of the shares of the stock are short sold.

Identiv Price Performance

Shares of NASDAQ INVE opened at $3.71 on Monday. Identiv has a 1 year low of $2.86 and a 1 year high of $4.29. The firm has a market cap of $88.01 million, a PE ratio of 1.22 and a beta of 1.36. The company has a 50 day simple moving average of $3.63 and a 200 day simple moving average of $3.39.

Identiv (NASDAQ:INVE) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.05. Identiv had a negative return on equity of 13.75% and a net margin of 308.59%.The business had revenue of $5.04 million during the quarter, compared to the consensus estimate of $5.10 million. Identiv has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Identiv will post -1.11 earnings per share for the current fiscal year.

Institutional Trading of Identiv

Hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its position in Identiv by 56.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 49,295 shares of the technology company’s stock valued at $157,000 after buying an additional 17,811 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Identiv in the 4th quarter worth about $54,000. Peapod Lane Capital LLC purchased a new position in Identiv in the first quarter valued at about $982,000. Millennium Management LLC grew its stake in shares of Identiv by 56.6% during the 4th quarter. Millennium Management LLC now owns 235,254 shares of the technology company’s stock worth $861,000 after acquiring an additional 85,020 shares during the period. Finally, Cannell Capital LLC purchased a new stake in shares of Identiv during the 2nd quarter valued at approximately $1,979,000. Institutional investors own 65.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Craig Hallum restated a “buy” rating and issued a $5.00 price objective on shares of Identiv in a report on Friday, August 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Identiv in a research report on Saturday, September 27th. B. Riley lowered their price target on shares of Identiv from $6.50 to $6.00 and set a “buy” rating for the company in a report on Friday, August 8th. Finally, Wall Street Zen raised shares of Identiv from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $5.33.

About Identiv

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.