Neonode Inc. (NASDAQ:NEON) Sees Significant Decrease in Short Interest

Neonode Inc. (NASDAQ:NEON) saw a significant decrease in short interest in September. As of September 15th, there was short interest totalling 527,000 shares, a decrease of 17.1% from the August 31st total of 635,800 shares. Based on an average daily volume of 668,100 shares, the days-to-cover ratio is presently 0.8 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Neonode in a research note on Friday, June 14th. They issued a “sell” rating on the stock.

Neonode Stock Up 2.0 %

Shares of NEON stock traded up $0.19 during mid-day trading on Friday, reaching $9.84. The stock had a trading volume of 470,002 shares, compared to its average volume of 779,151. Neonode has a one year low of $1.02 and a one year high of $15.00. The firm’s 50 day simple moving average is $5.78 and its 200 day simple moving average is $3.37. The firm has a market cap of $152.22 million, a PE ratio of -13.86 and a beta of 1.88.

Neonode (NASDAQ:NEON) last announced its quarterly earnings results on Thursday, August 8th. The electronics maker reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $1.42 million for the quarter. Neonode had a negative net margin of 247.41% and a negative return on equity of 64.05%.

About Neonode

Neonode Inc, together with its subsidiaries, develops optical sensing solutions for contactless touch, touch, and gesture sensing in the United States, Japan, South Korea, Germany, Switzerland, France, Sweden, China, and internationally. It also offers software solutions for machine perception to detect and track persons and objects in video streams from cameras and other types of imagers.