The stock last traded at $1.17 quite a bit above the 50 day moving average of $1.05 and significantly above the 200 day moving average of $0.94. The 50 day moving average went up by +11.22% and the 200 day average went up $0.23 or +24.59%. (NASDAQ:IMI) shares saw light trading volume with 17K shares changing hands in the last trading session. Trading volume was down 45.54% under the stocks average daily volume.
Traders are more bearish on Intermolecular, Inc. of late if you evaluate the change in short interest. The firm had a rise in short interest between September 29, 2017 and October 13, 2017 of 13.48%. Short shares grew 8,728 over that timeframe. The short-interest ratio decreased to 2.0 and the short interest percentage is 0.00% as of October 13.
These funds have shifted positions in (IMI). Renaissance Technologies LLC grew its position by buying 2,101 shares an increase of 0.3% as of 06/30/2017. Renaissance Technologies LLC claims 833,600 shares with a value of $750,000. The total value of its holdings decreased 3.0%. As of quarter end Blackrock Inc. had disposed of a total of 30,885 shares trimming its stake by 52.5%. The value of the total investment in Intermolecular, Inc. went from $55,000 to $25,000 a change of 54.5% since the last quarter.
As of the end of the quarter Tower Research Capital LLC (trc) had bought 7,071 shares growing its position 107.5%. The value of the company’s investment in Intermolecular, Inc. increased from $6,000 to $12,000 a change of $6,000 quarter over quarter. As of quarter end Spark Investment Management LLC had sold 28,965 shares trimming its holdings by 22.9%. The value of the investment in (IMI) went from $117,000 to $87,000 decreasing 25.6% quarter to quarter.
In the last earnings report the EPS was $-0.37 and is projected to be $-0.20 for the current year with 49,559,000 shares presently outstanding. Next quarter’s EPS is forecasted at $-0.03 with next year’s EPS projected to be $-0.10.
Intermolecular, Inc., launched on June 16, 2004, provides solutions for the evaluation and development of engineered thin-film materials for next generation technology products. The Company is a partner for the innovation of advanced materials using high throughput experimentation. The Business’s high productivity combinatorial (HPC) platform consists of tempus processing tools, automated characterization methods, and Informatics analysis software, which is purpose-built for research and development (R&D) using combinatorial process systems in concert with established chemical vapor deposition (CVD), physical vapor deposition (PVD) and atomic layer deposition (ALD) deposition methods. Combinatorial processing is a methodology for experimentation, discovery and development that employs parallel and other high-throughput experimentation. It begins the development and discovery process by working with its customers to define the specific requirements..