Intellicheck, Inc. (NYSE:IDN) Short Interest Up 67.3% in May

Intellicheck, Inc. (NYSE:IDN - Get Free Report) saw a significant increase in short interest in May. As of May 31st, there was short interest totalling 275,500 shares, an increase of 67.3% from the May 15th total of 164,700 shares. Based on an average daily volume of 275,600 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.5% of the company's shares are short sold.

Intellicheck Price Performance

IDN stock traded up $0.03 during mid-day trading on Wednesday, hitting $5.26. 210,609 shares of the stock were exchanged, compared to its average volume of 128,696. The stock has a market capitalization of $104.38 million, a price-to-earnings ratio of -175.33 and a beta of 1.20. The business has a fifty day moving average price of $3.70 and a 200 day moving average price of $3.03. Intellicheck has a 12 month low of $1.92 and a 12 month high of $6.49.

Analysts Set New Price Targets

Several equities research analysts recently commented on IDN shares. Craig Hallum upgraded shares of Intellicheck from a "hold" rating to a "buy" rating and set a $6.00 target price on the stock in a research report on Wednesday, May 21st. HC Wainwright set a $6.00 price target on Intellicheck and gave the company a "buy" rating in a research note on Wednesday, May 21st. DA Davidson upgraded Intellicheck from a "neutral" rating to a "buy" rating and increased their target price for the stock from $3.00 to $5.50 in a report on Tuesday, May 20th. Finally, Wall Street Zen upgraded Intellicheck from a "hold" rating to a "buy" rating in a report on Wednesday.

Insider Transactions at Intellicheck

In other news, Director Gregory Braca sold 7,703 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $4.33, for a total transaction of $33,353.99. Following the completion of the sale, the director now owns 823 shares in the company, valued at $3,563.59. The trade was a 90.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 6.88% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Virtu Financial LLC bought a new position in shares of Intellicheck during the 1st quarter worth approximately $45,000. Corient Private Wealth LLC acquired a new position in Intellicheck in the 4th quarter worth approximately $56,000. XTX Topco Ltd purchased a new position in shares of Intellicheck during the first quarter worth $63,000. Cutter & CO Brokerage Inc. purchased a new stake in shares of Intellicheck in the fourth quarter worth about $64,000. Finally, Northern Trust Corp lifted its stake in shares of Intellicheck by 20.7% in the 4th quarter. Northern Trust Corp now owns 33,925 shares of the company's stock valued at $95,000 after purchasing an additional 5,827 shares during the period. Hedge funds and other institutional investors own 42.79% of the company's stock.

About Intellicheck

Intellicheck, Inc, a technology company, provides on-demand digital identity validation solutions for KYC, fraud, and age verification needs in North America. The company offers solutions for digital and physical identities for financial services, fintech companies, BNPL providers, e-commerce and retail commerce businesses, law enforcement, and government agencies.