Identiv, Inc. (NASDAQ:INVE) Short Interest Down 47.0% in September

Key Points

• Identiv, Inc. experienced a significant decline in short interest, dropping by 47.0% in September to 139,800 shares, which represents 0.7% of the company's stock.
• The company's stock price reached $4.01 recently, with a fifty-two week range of $2.86 to $4.29, and it has a market cap of $95.13 million.
• Identiv's recent quarterly earnings report showed a net margin of 308.59% despite reporting a loss of ($0.26) EPS, slightly beating analyst expectations.

Identiv, Inc. (NASDAQ:INVE - Get Free Report) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 139,800 shares, a decline of 47.0% from the September 15th total of 264,000 shares. Based on an average daily volume of 42,100 shares, the days-to-cover ratio is currently 3.3 days. Approximately 0.7% of the company's stock are short sold. Approximately 0.7% of the company's stock are short sold. Based on an average daily volume of 42,100 shares, the days-to-cover ratio is currently 3.3 days.

Identiv Price Performance

NASDAQ:INVE traded up $0.16 during midday trading on Tuesday, hitting $4.01. The company's stock had a trading volume of 73,565 shares, compared to its average volume of 53,646. Identiv has a fifty-two week low of $2.86 and a fifty-two week high of $4.29. The firm's 50 day moving average is $3.66 and its 200-day moving average is $3.42. The firm has a market cap of $95.13 million, a P/E ratio of 1.32 and a beta of 1.36.

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

Analyst Upgrades and Downgrades

INVE has been the subject of a number of recent analyst reports. Weiss Ratings reissued a "sell (d+)" rating on shares of Identiv in a research report on Wednesday, October 8th. Craig Hallum reissued a "buy" rating and issued a $5.00 price target on shares of Identiv in a report on Friday, August 8th. B. Riley cut their price objective on shares of Identiv from $6.50 to $6.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Identiv from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $5.33.

Institutional Investors Weigh In On Identiv

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new position in shares of Identiv in the 2nd quarter valued at about $38,000. Jane Street Group LLC purchased a new stake in Identiv in the 2nd quarter worth approximately $55,000. Goldman Sachs Group Inc. grew its stake in shares of Identiv by 56.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 49,295 shares of the technology company's stock worth $157,000 after purchasing an additional 17,811 shares during the period. Peapod Lane Capital LLC purchased a new position in shares of Identiv during the 1st quarter valued at approximately $982,000. Finally, Boothbay Fund Management LLC increased its holdings in shares of Identiv by 27.6% during the 2nd quarter. Boothbay Fund Management LLC now owns 373,408 shares of the technology company's stock valued at $1,217,000 after purchasing an additional 80,678 shares in the last quarter. 65.16% of the stock is owned by institutional investors and hedge funds.

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.

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