IntriCon Co. (NASDAQ:IIN) Short Interest Update

IntriCon Co. (NASDAQ:IINGet Rating) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totalling 130,000 shares, a decrease of 22.4% from the April 15th total of 167,500 shares. Approximately 1.6% of the company’s stock are sold short. Based on an average daily trading volume, of 126,200 shares, the short-interest ratio is currently 1.0 days.

Several research analysts have weighed in on IIN shares. StockNews.com started coverage on shares of IntriCon in a report on Thursday, March 31st. They set a “hold” rating on the stock. Colliers Securities reiterated a “neutral” rating on shares of IntriCon in a research note on Tuesday, March 22nd. Finally, Zacks Investment Research upgraded shares of IntriCon from a “sell” rating to a “hold” rating in a research note on Friday, March 4th.

A number of institutional investors and hedge funds have recently bought and sold shares of IIN. Russell Investments Group Ltd. boosted its position in IntriCon by 32.6% during the third quarter. Russell Investments Group Ltd. now owns 98,966 shares of the technology company’s stock worth $1,795,000 after purchasing an additional 24,350 shares during the period. Conestoga Capital Advisors LLC boosted its position in IntriCon by 20.6% during the fourth quarter. Conestoga Capital Advisors LLC now owns 101,235 shares of the technology company’s stock worth $1,637,000 after purchasing an additional 17,310 shares during the period. Mairs & Power Inc. boosted its position in IntriCon by 4.8% during the third quarter. Mairs & Power Inc. now owns 390,164 shares of the technology company’s stock worth $7,085,000 after purchasing an additional 18,000 shares during the period. Gamco Investors INC. ET AL lifted its holdings in shares of IntriCon by 17.4% in the third quarter. Gamco Investors INC. ET AL now owns 625,324 shares of the technology company’s stock worth $11,356,000 after buying an additional 92,627 shares in the last quarter. Finally, Palisade Capital Management LLC NJ lifted its holdings in shares of IntriCon by 0.6% in the fourth quarter. Palisade Capital Management LLC NJ now owns 498,127 shares of the technology company’s stock worth $8,055,000 after buying an additional 2,748 shares in the last quarter. Institutional investors own 61.45% of the company’s stock.

NASDAQ IIN opened at $23.93 on Monday. The firm has a market cap of $222.60 million, a price-to-earnings ratio of -149.56 and a beta of 1.01. The company has a fifty day moving average price of $23.89 and a 200-day moving average price of $19.34. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.20 and a quick ratio of 2.47. IntriCon has a 1 year low of $12.47 and a 1 year high of $26.08.

IntriCon (NASDAQ:IINGet Rating) last posted its quarterly earnings results on Monday, February 28th. The technology company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.17. The company had revenue of $32.17 million during the quarter, compared to analyst estimates of $30.30 million. IntriCon had a negative net margin of 1.17% and a positive return on equity of 7.96%. On average, research analysts anticipate that IntriCon will post 0.47 EPS for the current fiscal year.

About IntriCon (Get Rating)

IntriCon Corporation, together with its subsidiaries, designs, develops, engineers, manufactures, and distributes body-worn devices in the United States, Europe, Asia, and internationally. It offers micro-miniature products, microelectronics, micro-mechanical assemblies, high-precision injection-molded plastic components, and assemblies and software solutions for medical devices, hearing healthcare, and professional audio communication devices markets.

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