Intellicheck Mobilisa, Inc. (NASDAQ:IDN) Sees Significant Drop in Short Interest

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 drop in short interest in the month of August. As of August 15th, there was short interest totaling 130,200 shares, adropof25.5% from the July 31st total of 174,700 shares. Based on an average trading volume of 339,000 shares, the days-to-cover ratio is presently 0.4 days. Currently,0.7% of the shares of the stock are sold short. Currently,0.7% of the shares of the stock are sold short. Based on an average trading volume of 339,000 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

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 Up 4.9%

IDN stock traded up $0.26 on Monday, reaching $5.60. The company's stock had a trading volume of 224,581 shares, compared to its average volume of 171,514. The company has a fifty day moving average price of $5.20. Intellicheck Mobilisa has a 12-month low of $1.92 and a 12-month high of $6.49.

Intellicheck Mobilisa (NASDAQ:IDN - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The company reported ($0.01) EPS for the quarter, hitting analysts' consensus estimates of ($0.01). Intellicheck Mobilisa had a negative return on equity of 3.09% and a negative net margin of 4.44%.The company 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.

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