Neonode Inc. (NASDAQ:NEON) Short Interest Down 17.1% in September

Neonode Inc. (NASDAQ:NEON) was the recipient of a large 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 short-interest ratio is currently 0.8 days.

Neonode Stock Up 2.0 %

NEON stock opened at $9.84 on Monday. The business’s 50-day moving average price is $5.78 and its 200-day moving average price is $3.38. The stock has a market cap of $152.22 million, a P/E ratio of -13.86 and a beta of 1.88. Neonode has a twelve month low of $1.02 and a twelve month high of $15.00.

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

Analysts Set New Price Targets

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

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.