IDEX Biometrics ASA (NASDAQ:IDBA) Sees Significant Drop in Short Interest

IDEX Biometrics ASA (NASDAQ:IDBA – Get Rating) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totalling 2,800 shares, a drop of 26.3% from the April 15th total of 3,800 shares. Based on an average daily trading volume, of 2,300 shares, the short-interest ratio is presently 1.2 days.

An institutional investor recently raised its position in IDEX Biometrics ASA stock. Morgan Stanley raised its position in shares of IDEX Biometrics ASA (NASDAQ:IDBA – Get Rating) by 1,539.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,639 shares of the company’s stock after buying an additional 1,539 shares during the quarter. Morgan Stanley’s holdings in IDEX Biometrics ASA were worth $31,000 as of its most recent SEC filing. 0.01% of the stock is currently owned by institutional investors.

Shares of IDEX Biometrics ASA stock traded up $0.07 during trading on Monday, hitting $8.86. 165 shares of the company’s stock traded hands, compared to its average volume of 2,401. IDEX Biometrics ASA has a 1 year low of $7.78 and a 1 year high of $31.62. The business has a 50-day simple moving average of $14.24 and a 200-day simple moving average of $20.83.

IDEX Biometrics ASA (NASDAQ:IDBA – Get Rating) last posted its quarterly earnings data on Wednesday, May 11th. The company reported ($0.75) EPS for the quarter, missing the consensus estimate of ($0.56) by ($0.19). IDEX Biometrics ASA had a negative return on equity of 122.20% and a negative net margin of 1,034.13%. During the same period in the prior year, the company posted ($0.75) earnings per share. As a group, sell-side analysts expect that IDEX Biometrics ASA will post -2.21 EPS for the current fiscal year.

About IDEX Biometrics ASA (Get Rating)

IDEX Biometrics ASA engages in the design, development, and sale of fingerprint identification and authentication solutions in Europe, the Middle East, Africa, the Americas, and Asia. The company offers IDEX Biometrics for the biometrics smart card market, including biometric fingerprint sensors for use in dual interface, contactless only, and contact only smart cards; biometric fingerprint modules for contact based smart cards; and on-card enrollment solutions for remote in-person enrollment.

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