Intellicheck, Inc. (NASDAQ:IDN) Sees Significant Decrease in Short Interest

Intellicheck, Inc. (NASDAQ:IDNGet Rating) saw a significant drop in short interest in May. As of May 15th, there was short interest totalling 167,400 shares, a drop of 24.7% from the April 30th total of 222,200 shares. Based on an average daily trading volume, of 112,600 shares, the short-interest ratio is presently 1.5 days. Approximately 1.0% of the shares of the stock are short sold.

A number of brokerages have recently issued reports on IDN. DA Davidson dropped their price target on Intellicheck from $14.00 to $8.50 in a research report on Thursday, March 10th. HC Wainwright decreased their price target on shares of Intellicheck from $15.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, March 10th. Finally, Northland Securities dropped their price objective on shares of Intellicheck from $11.50 to $6.00 and set an “outperform” rating for the company in a report on Thursday, March 10th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $7.50.

Shares of IDN stock traded down $0.01 on Monday, hitting $1.85. 961 shares of the company’s stock traded hands, compared to its average volume of 105,230. The stock has a market capitalization of $34.72 million, a price-to-earnings ratio of -8.41 and a beta of 1.79. The company’s fifty day simple moving average is $2.25 and its 200 day simple moving average is $3.63. Intellicheck has a one year low of $1.33 and a one year high of $9.68.

Intellicheck (NASDAQ:IDNGet Rating) last issued its earnings results on Wednesday, March 9th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). Intellicheck had a negative net margin of 25.29% and a negative return on equity of 19.01%. The company had revenue of $3.90 million for the quarter, compared to analysts’ expectations of $3.53 million. During the same quarter in the prior year, the company earned $0.03 earnings per share. As a group, equities research analysts anticipate that Intellicheck will post -0.26 EPS for the current year.

Several institutional investors have recently modified their holdings of IDN. Clear Harbor Asset Management LLC increased its holdings in Intellicheck by 0.6% during the 4th quarter. Clear Harbor Asset Management LLC now owns 1,480,469 shares of the company’s stock valued at $6,840,000 after purchasing an additional 9,000 shares during the period. Wasatch Advisors Inc. raised its holdings in shares of Intellicheck by 6.9% during the fourth quarter. Wasatch Advisors Inc. now owns 1,086,465 shares of the company’s stock valued at $5,019,000 after acquiring an additional 70,430 shares in the last quarter. Heartland Advisors Inc. raised its holdings in shares of Intellicheck by 12.4% during the fourth quarter. Heartland Advisors Inc. now owns 500,000 shares of the company’s stock valued at $2,310,000 after acquiring an additional 55,000 shares in the last quarter. Morgan Dempsey Capital Management LLC bought a new stake in Intellicheck in the first quarter valued at $735,000. Finally, Geode Capital Management LLC increased its position in Intellicheck by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 154,004 shares of the company’s stock valued at $1,261,000 after purchasing an additional 5,768 shares during the period. Hedge funds and other institutional investors own 39.61% of the company’s stock.

About Intellicheck (Get Rating)

Intellicheck, Inc, a technology company, develops, integrates, and markets threat identification and identity authentication solutions for bank and retail fraud prevention, law enforcement threat identification, and mobile and handheld access control and security systems primarily in the United States.

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