IDEX Biometrics ASA (NASDAQ:IDBA) Short Interest Down 26.3% in April

IDEX Biometrics ASA (NASDAQ:IDBAGet Rating) was the target of a large decline in short interest in April. As of April 30th, there was short interest totalling 2,800 shares, a decline of 26.3% from the April 15th total of 3,800 shares. Based on an average daily trading volume, of 2,300 shares, the days-to-cover ratio is presently 1.2 days.

Shares of NASDAQ IDBA traded up $0.07 during midday trading on Monday, hitting $8.86. 165 shares of the company’s stock were exchanged, compared to its average volume of 2,401. IDEX Biometrics ASA has a 12-month low of $7.78 and a 12-month high of $31.62. The business’s fifty day moving average price is $14.24 and its two-hundred day moving average price is $20.83.

IDEX Biometrics ASA (NASDAQ:IDBAGet Rating) last issued 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 previous year, the business posted ($0.75) EPS. On average, analysts predict that IDEX Biometrics ASA will post -2.21 earnings per share for the current year.

A hedge fund recently raised its stake in IDEX Biometrics ASA stock. Morgan Stanley lifted its holdings in shares of IDEX Biometrics ASA (NASDAQ:IDBAGet Rating) by 1,539.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,639 shares of the company’s stock after purchasing an additional 1,539 shares during the quarter. Morgan Stanley’s holdings in IDEX Biometrics ASA were worth $31,000 at the end of the most recent quarter. Institutional investors and hedge funds own 0.01% of the company’s stock.

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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