Short Interest in Identiv, Inc. (NASDAQ:INVE) Decreases By 47.0%

Identiv, Inc. (NASDAQ:INVE) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 139,800 shares, a decline of 47.0% from the September 15th total of 264,000 shares. Based on an average trading volume of 42,100 shares, the short-interest ratio is presently 3.3 days. Currently, 0.7% of the shares of the company are sold short. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 42,100 shares, the short-interest ratio is presently 3.3 days.

Identiv Price Performance

Shares of NASDAQ:INVE opened at $3.76 on Thursday. The business’s fifty day moving average price is $3.67 and its two-hundred day moving average price is $3.43. Identiv has a fifty-two week low of $2.86 and a fifty-two week high of $4.29. The stock has a market capitalization of $89.19 million, a price-to-earnings ratio of 1.24 and a beta of 1.36.

Identiv (NASDAQ:INVE) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.05. The firm had revenue of $5.04 million for the quarter, compared to analysts’ expectations of $5.10 million. Identiv had a negative return on equity of 13.75% and a net margin of 308.59%. Identiv has set its Q3 2025 guidance at EPS. Research analysts expect that Identiv will post -1.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on INVE shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Identiv in a research note on Wednesday, October 8th. B. Riley lowered their price target on Identiv from $6.50 to $6.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Wall Street Zen upgraded Identiv from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Finally, Craig Hallum reiterated a “buy” rating and issued a $5.00 price target on shares of Identiv in a research report on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $5.33.

Hedge Funds Weigh In On Identiv

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cannell Capital LLC acquired a new position in Identiv in the second quarter worth $1,979,000. Boothbay Fund Management LLC boosted its stake in Identiv by 27.6% in the second quarter. Boothbay Fund Management LLC now owns 373,408 shares of the technology company’s stock worth $1,217,000 after purchasing an additional 80,678 shares in the last quarter. Peapod Lane Capital LLC acquired a new position in Identiv in the first quarter worth $982,000. Goldman Sachs Group Inc. boosted its stake in Identiv by 56.6% in the first quarter. Goldman Sachs Group Inc. now owns 49,295 shares of the technology company’s stock worth $157,000 after purchasing an additional 17,811 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in Identiv in the second quarter worth $55,000. Institutional investors and hedge funds own 65.16% of the company’s stock.

About Identiv

Identiv, Inc, a security technology company, that provides secure identification and physical security solutions that secure things, data, and physical places worldwide. It operates in two segments, Identity and Premises. The Identity segment offers products and solutions that enables secure access to information serving the logical access and cyber security markets, as well as protecting connected objects and information using radio-frequency identification embedded security.