Intellicheck Inc (IDN) Sees Large Decline in Short Interest

Intellicheck Inc (NYSEAMERICAN:IDN) was the target of a significant decrease in short interest in March. As of March 29th, there was short interest totalling 358,769 shares, a decrease of 9.4% from the March 15th total of 396,137 shares. Based on an average daily volume of 175,517 shares, the days-to-cover ratio is currently 2.0 days. Currently, 2.9% of the company’s stock are short sold.

A hedge fund recently raised its stake in Intellicheck stock. Vanguard Group Inc. boosted its position in Intellicheck Inc (NYSEAMERICAN:IDN) by 81.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,502 shares of the industrial products company’s stock after acquiring an additional 44,560 shares during the quarter. Vanguard Group Inc. owned 0.93% of Intellicheck worth $386,000 at the end of the most recent quarter.

Separately, Zacks Investment Research cut shares of Intellicheck from a “hold” rating to a “sell” rating in a research report on Wednesday, March 28th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $4.10.

Shares of IDN opened at $2.01 on Friday. Intellicheck has a 1 year low of $1.50 and a 1 year high of $4.55.

Intellicheck (NYSEAMERICAN:IDN) last issued its earnings results on Thursday, March 22nd. The industrial products company reported ($0.07) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.07). The firm had revenue of $0.97 million for the quarter, compared to analysts’ expectations of $1.23 million. Intellicheck had a negative net margin of 111.19% and a negative return on equity of 28.67%.

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About Intellicheck

Intellicheck, Inc, formerly Intellicheck Mobilisa, Inc, is a technology company. The Company is engaged in developing, integrating and marketing wireless technology and identity systems for various applications, including mobile and handheld access control, and security systems for the government, military and commercial markets.

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