Immersion Corp shares had a trading volume of 432K by the end of trading on Tuesday. Overall, volume was up 91.15% over the stocks normal daily volume.
Short traders are feeling a little more bearish on the company lately if you take a look at the motion in short interest. The company had a rise in short interest from September 29, 2017 to October 13, 2017 of 0.28%. Short shares grew from 2,653,942 to 2,661,442 over that period. Days to cover decreased 0.0 to 18.0 and the percentage of shorted shares is 0.09% as of October 13.
A few notable investment firms have updated their holdings. Citigroup Inc grew its holdings by buying 17 shares an increase of 23.3% in the quarter. Citigroup Inc currently owns 90 shares with a value of $1,000. The total value of its holdings decreased 0.0%. California State Teachers Retirement System downsized its stake by shedding 5,599 shares a decrease of 10.9%. California State Teachers Retirement System now controls 45,991 shares valued at $376,000. The value of the position overall is down by 19.7%.
As of the end of the quarter Dimensional Fund Advisors Lp had sold 168,453 shares trimming its stake by 68.1%. The value in dollars decreased from $2,247,000 to $646,000 a change of $1,601,000 since the last quarter. As of quarter end Cardinal Capital Management LLC /ct had disposed of a total of 60,640 shares trimming its holdings by 82.2%. The value of the company’s investment in Immersion Corp went from $670,000 to $107,000 decreasing 84.0% quarter to quarter.
October 30 investment analysts at B. Riley made no change to the company rating of “Buy” with a current price target of $9.75. On August 2, 2017 Cowen and Company updated guidance on IMMR stating a rating of “Buy” and setting a price target of $11.00.
The company is trading down by 2.82% percent from yesterday’s close. The P/E ratio is currently N/A and the market value is 171.70M. As of the latest earnings report the EPS was $-2.45 with 29.25M shares now outstanding.
Immersion Corporation, launched on August 26, 1999, is a licensing company focused on the creation, design, development and licensing of haptic technologies that allow people to use their sense of touch more when operating a range of digital devices. The Company develops, licenses and supports a range of software and intellectual property (IP). The Company is focused on the target markets, including mobile devices, wearables, consumer, mobile entertainment and other content; console gaming; automotive; medical, and commercial. The Company has adopted a hybrid business model, under which the Company provides advanced tactile software, related tools and technical assistance to certain customers, and offers licenses to its patented IP to other customers. Its licenses enable its customers to deploy haptically-enabled devices, content and other offerings, which they typically sell under their own brand names. The Company and its subsidiaries hold patents, covering a range of digital technologies and including many of the ways in which touch-related technology can be incorporated into and between hardware products and components, systems software, application software, and digital content..