Insignia Systems, Inc. (NASDAQ:ISIG) Short Interest Down 64.8% in May

Insignia Systems, Inc. (NASDAQ:ISIG – Get Rating) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 33,100 shares, a drop of 64.8% from the April 30th total of 94,100 shares. Based on an average daily trading volume, of 680,400 shares, the short-interest ratio is currently 0.0 days. Approximately 3.5% of the shares of the stock are short sold.

A number of hedge funds have recently modified their holdings of the business. Citigroup Inc. bought a new stake in Insignia Systems during the first quarter worth about $33,000. Citadel Advisors LLC purchased a new position in shares of Insignia Systems in the second quarter worth about $88,000. Dimensional Fund Advisors LP purchased a new position in shares of Insignia Systems in the first quarter worth about $138,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Insignia Systems in the fourth quarter worth about $1,080,000. 11.64% of the stock is owned by hedge funds and other institutional investors.

Shares of ISIG stock opened at $7.76 on Thursday. The business has a 50-day moving average price of $8.54 and a two-hundred day moving average price of $11.07. Insignia Systems has a 12-month low of $4.93 and a 12-month high of $35.50. The firm has a market cap of $13.86 million, a P/E ratio of -4.97 and a beta of 1.74.

Insignia Systems (NASDAQ:ISIG – Get Rating) last issued its quarterly earnings results on Tuesday, March 8th. The business services provider reported ($0.56) earnings per share (EPS) for the quarter. Insignia Systems had a negative return on equity of 68.27% and a negative net margin of 13.50%. The firm had revenue of $4.53 million for the quarter.

Separately, StockNews.com began coverage on Insignia Systems in a research note on Thursday, March 31st. They set a “sell” rating for the company.

Insignia Systems Company Profile (Get Rating)

Insignia Systems, Inc provides in-store advertising solutions to consumer-packaged goods manufacturers, retailers, shopper marketing agencies, and brokerages in the United States. It offers in-store signage solutions, which provides point-of-purchase services; merchandising solutions that include various corrugate displays, side caps, free standing shippers, and customized end-cap solutions; and on-pack solutions, which include BoxTalk, coupons, recipes, and cross-promotions.

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