Identiv, Inc. (NASDAQ:INVE – Get Rating) saw a large drop in short interest in October. As of October 31st, there was short interest totalling 422,400 shares, a drop of 19.0% from the October 15th total of 521,300 shares. Based on an average trading volume of 98,200 shares, the days-to-cover ratio is currently 4.3 days. Approximately 2.0% of the shares of the stock are short sold.
Identiv Stock Performance
NASDAQ INVE opened at $10.18 on Monday. The company has a 50-day simple moving average of $12.18 and a two-hundred day simple moving average of $12.70. Identiv has a 12-month low of $7.75 and a 12-month high of $29.00.
Analyst Ratings Changes
Several research firms have recently weighed in on INVE. Northland Securities lowered Identiv from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 3rd. StockNews.com initiated coverage on Identiv in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Lake Street Capital dropped their price objective on Identiv from $21.00 to $15.00 in a research note on Thursday, November 3rd. Finally, B. Riley downgraded Identiv from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $19.00 to $12.00 in a research report on Thursday, November 3rd.
Institutional Trading of Identiv
Identiv, Inc operates as a security technology company that secures things, data, and physical places in the Americas, Europe, the Middle East, and the Asia-Pacific. The company operates in two segments, Identity and Premises. The Identity segment offers products and solutions that enables secure access to information serving the logical access and cyber security markets, as well as protecting connected objects and information using radio-frequency identification embedded security.
- Get a free copy of the StockNews.com research report on Identiv (INVE)
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