Neonode Incorporated (NASDAQ:NEON) Shorts Decreased by 3.68% After Short Covering

July 18, 2017 - By Adrian Erickson

 Neonode Incorporated (NASDAQ:NEON) Shorts Decreased by 3.68% After Short Covering

Investors sentiment decreased to 0.62 in 2016 Q4. Its down 0.68, from 1.3 in 2016Q3. It fall, as 8 investors sold Neonode, Inc shares while 5 reduced holdings. 3 funds opened positions while 5 raised stakes. 9.74 million shares or 5.21% less from 10.28 million shares in 2016Q3 were reported.
Parkside Bankshares & Tru, a Missouri-based fund reported 10,521 shares. 72,482 are held by Northern Trust. Goldman Sachs Grp Incorporated holds 0% of its portfolio in Neonode, Inc (NASDAQ:NEON) for 20,196 shares. Blackrock Ltd Liability Com, Delaware-based fund reported 12,904 shares. California Employees Retirement holds 0% of its portfolio in Neonode, Inc (NASDAQ:NEON) for 81,900 shares. Oppenheimer And accumulated 0% or 15,000 shares. Massachusetts-based Essex Limited Liability Co has invested 0.21% in Neonode, Inc (NASDAQ:NEON). Next Financial Grp has invested 0% of its portfolio in Neonode, Inc (NASDAQ:NEON). Bankshares Of New York Mellon owns 23,380 shares. Blackrock Investment Mgmt Ltd owns 6,547 shares. Thompson Davis owns 8 shares for 0% of their portfolio. Moreover, Blackrock Institutional Communications Na has 0% invested in Neonode, Inc (NASDAQ:NEON) for 999,935 shares. 12,979 are owned by State Street Corporation. Vanguard Group Inc Inc, Pennsylvania-based fund reported 1.47M shares. Geode Cap Ltd Com has invested 0% of its portfolio in Neonode, Inc (NASDAQ:NEON).

The stock of Neonode Incorporated (NASDAQ:NEON) registered a decrease of 3.68% in short interest. NEON’s total short interest was 4.37 million shares in July as published by FINRA. Its down 3.68% from 4.53 million shares, reported previously. With 74,300 shares average volume, it will take short sellers 59 days to cover their NEON’s short positions. The short interest to Neonode Incorporated’s float is 11.3%.

The stock increased 5.91% or $0.06 on July 17, reaching $1.16. About shares traded. Neonode, Inc (NASDAQ:NEON) has declined 22.81% since July 18, 2016 and is downtrending. It has underperformed by 39.51% the S&P500.

Neonode Inc., formerly SBE, Inc., develops and licenses user interfaces and optical infrared touch solutions. The company has market cap of $56.90 million. The Company’s technology offers multiple features, including the ability to sense an object’s size, depth, velocity, pressure and proximity to any type of surface. It currently has negative earnings. It operates through the touch technology licensing business segment.

Neonode, Inc (NASDAQ:NEON) Ratings Coverage

Among 2 analysts covering Neonode (NASDAQ:NEON), 1 have Buy rating, 1 Sell and 0 Hold. Therefore 50% are positive. Neonode had 3 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was upgraded by Zacks to “Sell” on Tuesday, August 25. The rating was maintained by Ascendiant Capital Markets with “Buy” on Friday, August 7. The stock of Neonode, Inc (NASDAQ:NEON) has “Sell” rating given on Tuesday, September 22 by Zacks.

More important recent Neonode, Inc (NASDAQ:NEON) news were published by: Globenewswire.com which released: “Neonode zForce® Touch Technology Used in Samsung’s C40 Printer 7 Inch Display” on June 30, 2017, also Globenewswire.com published article titled: “Neonode® AirBarâ„¢ Sensor Available at Walmart.com”, Globenewswire.com published: “Neonode Moves AirBarâ„¢ End-Assembly to Asia, and Scales Up the Manufacturing …” on October 13, 2016. More interesting news about Neonode, Inc (NASDAQ:NEON) was released by: Globenewswire.com and their article: “Neonode’s AirBar Selected As CES 2017 Innovation Awards Honoree In the …” with publication date: November 11, 2016.

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