Intellicheck Inc (NYSEAMERICAN:IDN) Short Interest Up 101.8% in March

Intellicheck Inc (NYSEAMERICAN:IDN) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totalling 286,500 shares, a growth of 101.8% from the February 27th total of 142,000 shares. Approximately 2.0% of the company’s stock are short sold. Based on an average daily volume of 92,900 shares, the short-interest ratio is currently 3.1 days.

Separately, Zacks Investment Research downgraded Intellicheck from a “buy” rating to a “hold” rating in a report on Wednesday, March 11th.

IDN traded up $0.42 on Thursday, reaching $4.18. The company’s stock had a trading volume of 312,789 shares, compared to its average volume of 122,496. Intellicheck has a 1 year low of $2.75 and a 1 year high of $10.54. The firm has a 50 day moving average of $8.24.

Intellicheck (NYSEAMERICAN:IDN) last issued its quarterly earnings results on Wednesday, March 11th. The industrial products company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.04. The business had revenue of $2.90 million during the quarter, compared to analysts’ expectations of $2.22 million.

Large investors have recently added to or reduced their stakes in the business. Sigma Planning Corp bought a new position in Intellicheck during the 4th quarter worth approximately $115,000. Alambic Investment Management L.P. increased its position in Intellicheck by 34.0% in the 4th quarter. Alambic Investment Management L.P. now owns 30,356 shares of the industrial products company’s stock valued at $227,000 after acquiring an additional 7,700 shares during the period. Russell Investments Group Ltd. acquired a new stake in Intellicheck in the 4th quarter valued at approximately $330,000. Geode Capital Management LLC increased its position in Intellicheck by 6.1% in the 4th quarter. Geode Capital Management LLC now owns 83,697 shares of the industrial products company’s stock valued at $626,000 after acquiring an additional 4,830 shares during the period. Finally, Calamos Advisors LLC acquired a new stake in Intellicheck in the 4th quarter valued at approximately $767,000.

Intellicheck Company Profile

Intellicheck, Inc, a technology company, develops, integrates, and markets threat identification and identity authentication solutions for retail fraud prevention, law enforcement threat identification, and mobile and handheld access control and security systems primarily in the United States. It provides identity systems products, including commercial identification products, such as ID Check SDK for software developers; Retail ID, an authentication solution that authenticates identification documents; Retail ID Online, authenticates an online user's identification documents; Retail ID Mobile that provides the fraud reduction benefits of Retail ID; Age ID, a designation for various hand held devices; Guest ID, a software application that speeds up check-in and ID verification at hotels and motels; ID Check POS, a software application that runs on various VeriFone devices; ID Check BHO, a browser helper object for Microsoft browser; ID Check PC, a standalone software solution; State Aware software; software products for data collection devices; and instant credit application kiosk software applications.

See Also: Net Asset Value

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