Intellicheck Inc (NYSEAMERICAN:IDN) Sees Large Decrease in Short Interest
Intellicheck Inc (NYSEAMERICAN:IDN) was the target of a significant decline in short interest in 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. Based on an average daily volume of 64,900 shares, the days-to-cover ratio is presently 3.9 days. Approximately 1.9% of the shares of the stock are short sold.
Several hedge funds have recently modified their holdings of the business. Morgan Stanley increased its position 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. BlackRock Inc. lifted its stake in Intellicheck by 784.1% in the 2nd 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 position in Intellicheck in the 2nd quarter valued at approximately $193,000. Vanguard Group Inc. boosted its position in 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 buying an additional 8,498 shares in the last quarter. Finally, Clear Harbor Asset Management LLC boosted its position in 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 valued at $7,739,000 after buying an additional 7,575 shares in the last quarter.
Several research firms recently weighed in on IDN. Northland Securities reaffirmed a “buy” rating and set a $7.00 price objective on shares of Intellicheck in a research report on Friday, August 2nd. Zacks Investment Research raised 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.
Intellicheck (NYSEAMERICAN:IDN) last announced its quarterly earnings data on Thursday, August 1st. The industrial products company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. The firm 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.
Featured Story: Federal Reserve
Receive News & Ratings for Intellicheck Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intellicheck and related companies with MarketBeat.com's FREE daily email newsletter.