Short Interest in Intellicheck Mobilisa, Inc. (NASDAQ:IDN) Drops By 25.5%

Key Points

• Intellicheck Mobilisa experienced a significant drop in short interest, decreasing by 25.5% from July to August, with a total of 130,200 shares sold short as of August 15th.
• Wall Street Zen upgraded Intellicheck Mobilisa from a "hold" to a "buy" rating on August 16th, indicating positive sentiment towards the company's stock.
• Intellicheck Mobilisa's stock price rose by 4.9% to $5.60, with a trading volume of 224,581 shares on Monday, surpassing its average volume.

Intellicheck Mobilisa, Inc. (NASDAQ:IDN - Get Free Report) saw a significant decrease in short interest in August. As of August 15th, there was short interest totaling 130,200 shares, a decrease of 25.5% from the July 31st total of 174,700 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 339,000 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 339,000 shares, the short-interest ratio is currently 0.4 days. Currently, 0.7% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Intellicheck Mobilisa from a "hold" rating to a "buy" rating in a report on Saturday, August 16th.

Intellicheck Mobilisa Stock Performance

Intellicheck Mobilisa stock traded up $0.15 during trading on Friday, hitting $5.63. The stock had a trading volume of 153,718 shares, compared to its average volume of 147,289. The company's 50 day moving average price is $5.22. Intellicheck Mobilisa has a 1 year low of $1.92 and a 1 year high of $6.49. The firm has a market cap of $112.83 million, a PE ratio of -140.75 and a beta of 1.33.

Intellicheck Mobilisa (NASDAQ:IDN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). Intellicheck Mobilisa had a negative return on equity of 3.09% and a negative net margin of 4.44%.The business had revenue of $5.12 million during the quarter, compared to analyst estimates of $5.05 million.

About Intellicheck Mobilisa

Intellicheck, Inc, a technology company, develops, integrates, and markets threat identification and identity authentication solutions for bank and retail fraud prevention, law enforcement threat identification, and mobile and handheld access control and security systems primarily in the United States.