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

Neonode Inc. (NASDAQ:NEON) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 527,000 shares, a drop of 17.1% from the August 31st total of 635,800 shares. Based on an average trading volume of 668,100 shares, the short-interest ratio is presently 0.8 days.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Neonode in a research note on Friday, June 14th. They set a “sell” rating for the company.

Neonode Price Performance

Neonode stock opened at $9.84 on Monday. The stock has a market cap of $152.22 million, a price-to-earnings ratio of -13.86 and a beta of 1.88. The firm has a 50-day moving average of $5.78 and a two-hundred day moving average of $3.38. Neonode has a 1 year low of $1.02 and a 1 year high of $15.00.

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 during the quarter. Neonode had a negative net margin of 247.41% and a negative return on equity of 64.05%.

Neonode Company Profile

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.