Neonode Inc shares had a trading volume of 195K in the last trading session. Volume was up 181.44% over the stocks average daily volume.
Investors are feeling more bullish on Neonode Inc recently considering the downtick in short interest. The company experienced a fall in short interest of -6.00% between September 29, 2017 and October 13, 2017. Short interest fell from 1,802,270 to 1,694,187 over that period. Days to cover increased 12.0 to 26.0 and the percentage of shorted shares is 0.03% as of October 13.
The following firms have recently changed their position in NEON. As of quarter end Cutler Group LP had sold 2,092 shares trimming its position 83.9%. The value of the investment in NEON went from $2,000 to $0 a change of 100.0% quarter over quarter. As of the end of the quarter Next Financial Group, Inc had acquired a total of 2,000 shares growing its stake by 400.0%. The value of the investment in Neonode Inc decreased from $1,000,000 to $3,000 a change of $997,000 quarter to quarter.
As of the end of the quarter Bank Of NEW York Mellon Corp had disposed of 17,481 shares trimming its holdings by 75.4%. The value of the company’s investment in Neonode Inc decreased from $25,000 to $7,000 decreasing 72.0% since the last quarter. As of quarter end Citadel Advisors LLC had bought 4,312 shares growing its position 35.8%. The value of the investment in (NEON) increased from $19,000 to $21,000 increasing 10.5% for the reporting period.
August 11 investment analysts at Cowen and Company held the company rating at “Outperform” targeting a price of $3.00.
The company is so far trading down since yesterday’s close of 0.92. Neonode Inc’s P/E ratio is N/A and market cap is 47.61M. In the last earnings report the EPS was $-0.09 with 58.59M shares presently outstanding.
Neonode Inc. (Neonode), formerly SBE, Inc., launched on September 4, 1997, develops and licenses user interfaces and optical infrared touch solutions. The Company operates through the touch technology licensing business segment. The Business’s technology offers various features, including the ability to sense an object’s size, depth, velocity, pressure and proximity to any type of surface. The Company licenses its multi-touch technology to original equipment manufacturers (OEMs) and original design manufacturers (ODMs) who incorporate it into devices that they develop, manufacture and sell. In addition, the Company develops prototype products and is involved in product engineering design discussions with numerous global OEMs and ODMs who are in the process of qualifying its touch technology for incorporation in various products..