Image Sensing Systems, Inc. (NASDAQ:ISNS) Sees Significant Increase in Short Interest

Image Sensing Systems, Inc. (NASDAQ:ISNS) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totalling 60,800 shares, a growth of 28.8% from the August 30th total of 47,200 shares. Based on an average daily trading volume, of 4,200 shares, the days-to-cover ratio is presently 14.5 days. Currently, 1.4% of the company’s stock are sold short.

An institutional investor recently raised its position in Image Sensing Systems stock. Renaissance Technologies LLC increased its position in shares of Image Sensing Systems, Inc. (NASDAQ:ISNS) by 1.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 200,350 shares of the software maker’s stock after purchasing an additional 3,750 shares during the quarter. Renaissance Technologies LLC owned 3.78% of Image Sensing Systems worth $1,002,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 14.74% of the company’s stock.

Shares of ISNS stock remained flat at $$4.48 during mid-day trading on Friday. 700 shares of the stock were exchanged, compared to its average volume of 4,172. Image Sensing Systems has a twelve month low of $4.05 and a twelve month high of $6.06. The company has a market capitalization of $23.78 million, a P/E ratio of 10.18 and a beta of 0.96. The company has a fifty day moving average price of $4.73 and a 200 day moving average price of $5.01.

Image Sensing Systems (NASDAQ:ISNS) last released its quarterly earnings results on Monday, August 12th. The software maker reported $0.12 earnings per share for the quarter. Image Sensing Systems had a net margin of 15.23% and a return on equity of 21.36%. The business had revenue of $4.23 million during the quarter.

Image Sensing Systems Company Profile

Image Sensing Systems, Inc develops and markets video and radar processing products for the intelligent transportation systems industry worldwide. The company operates through two segments, Intersection and Highway. It offers various vehicle and traffic detection products, including Autoscope video systems and RTMS radar systems that convert sensory input collected by video cameras and radar units into vehicle detection and traffic data used to operate, monitor, and enhance the efficiency of roadway infrastructure.

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