Short Interest in Identiv, Inc. (NASDAQ:INVE) Expands By 105.3%

Key Points

• Short interest in Identiv, Inc. surged by 105.3% in September, reaching a total of 264,000 shares, indicating a significant increase in bearish sentiment towards the stock.
• Identiv's most recent earnings report showed a loss of ($0.26) per share, surpassing analysts' expectations, but revenue of $5.04 million came in slightly below estimates.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Identiv, with price targets ranging up to $6.00, suggesting potential for growth despite some contrasting ratings from different firms.

Identiv, Inc. (NASDAQ:INVE - Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 264,000 shares, a growth of 105.3% from the August 31st total of 128,600 shares. Currently, 1.4% of the company's stock are short sold. Based on an average daily volume of 61,500 shares, the days-to-cover ratio is currently 4.3 days. Based on an average daily volume of 61,500 shares, the days-to-cover ratio is currently 4.3 days. Currently, 1.4% of the company's stock are short sold.

Identiv Trading Up 2.3%

INVE opened at $3.58 on Friday. The company has a market cap of $84.92 million, a P/E ratio of 1.18 and a beta of 1.36. The company's 50 day moving average is $3.63 and its 200-day moving average is $3.39. Identiv has a 1-year low of $2.86 and a 1-year high of $4.29.

Identiv (NASDAQ:INVE - Get Free Report) last issued 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 the consensus estimate 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. On average, equities analysts forecast that Identiv will post -1.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wall Street Zen raised Identiv from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Weiss Ratings restated a "sell (d+)" rating on shares of Identiv in a research note on Saturday, September 27th. B. Riley reduced their price objective on shares of Identiv from $6.50 to $6.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Finally, Craig Hallum reiterated a "buy" rating and issued a $5.00 price objective on shares of Identiv in a report on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $5.33.

Institutional Investors Weigh In On Identiv

Hedge funds and other institutional investors have recently bought and sold shares of the company. XTX Topco Ltd bought a new position in Identiv in the second quarter valued at about $38,000. Jane Street Group LLC bought a new position in Identiv in the 4th quarter valued at approximately $54,000. Goldman Sachs Group Inc. boosted its position in 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 buying an additional 17,811 shares during the period. Millennium Management LLC grew its holdings in Identiv by 56.6% during the 4th quarter. Millennium Management LLC now owns 235,254 shares of the technology company's stock worth $861,000 after acquiring an additional 85,020 shares during the last quarter. Finally, Peapod Lane Capital LLC bought a new stake in Identiv during the 1st quarter worth approximately $982,000. Institutional investors own 65.16% of the company's stock.

Identiv Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.