A Reversal for Neonode Inc (NASDAQ:NEON) Is Near. The Stock Has Decrease in Shorts

June 3, 2018 - By Vivian Currie

Neonode Inc. (NASDAQ:NEON) Logo

Investors sentiment decreased to 0.33 in 2018 Q1. Its down 0.55, from 0.88 in 2017Q4. It dropped, as 6 investors sold Neonode Inc. shares while 3 reduced holdings. 3 funds opened positions while 0 raised stakes. 6.02 million shares or 23.86% less from 7.91 million shares in 2017Q4 were reported.
California Employees Retirement System, California-based fund reported 81,900 shares. State Street holds 0% of its portfolio in Neonode Inc. (NASDAQ:NEON) for 12,979 shares. Blackrock Inc, New York-based fund reported 1.06M shares. Schwab Charles Inv Management owns 0% invested in Neonode Inc. (NASDAQ:NEON) for 31,951 shares. United Services Automobile Association reported 12,904 shares. Vanguard Grp Inc holds 1.41 million shares or 0% of its portfolio. Thompson Davis And invested in 8 shares or 0% of the stock. Oppenheimer & owns 15,000 shares or 0% of their US portfolio. Moreover, Awm Invest Inc has 0.25% invested in Neonode Inc. (NASDAQ:NEON). Geode Mgmt Ltd Liability Co has invested 0% of its portfolio in Neonode Inc. (NASDAQ:NEON). Citigroup has 0% invested in Neonode Inc. (NASDAQ:NEON) for 1 shares. Savings Bank Of Mellon has 45,021 shares. 81,611 were reported by Northern Trust Corp. 2 were reported by Barclays Public Limited Liability Corp.

The stock of Neonode Inc (NASDAQ:NEON) registered a decrease of 2.98% in short interest. NEON’s total short interest was 1.68M shares in June as published by FINRA. Its down 2.98% from 1.73M shares, reported previously. With 79,100 shares average volume, it will take short sellers 21 days to cover their NEON’s short positions. The short interest to Neonode Inc’s float is 4.48%.

The stock decreased 5.85% or $0.0199 during the last trading session, reaching $0.3201. About 185,242 shares traded or 6.07% up from the average. Neonode Inc. (NASDAQ:NEON) has declined 69.37% since June 3, 2017 and is downtrending. It has underperformed by 81.94% the S&P500.

Neonode Inc., together with its subsidiaries, develops and licenses user interfaces and optical interactive touch solutions in the United States, Sweden, Japan, China, Germany, Taiwan, South Korea, Italy, and internationally. The company has market cap of $18.76 million. The firm develops optical touch and gesture solutions for human interaction with devices. It currently has negative earnings. It licenses its multi-touch technology to original equipment manufacturers and Tier 1 suppliers, who incorporate it into devices they develop, manufacture, and sell, including automotive, as well as in consumer electronics, such as printers and office equipment, e-readers, and tablets.

More recent Neonode Inc. (NASDAQ:NEON) news were published by: Globenewswire.com which released: “Neonode Reports First Quarter Ended March 31, 2018 Financial Results” on May 08, 2018. Also Seekingalpha.com published the news titled: “Neonode, Inc. 2018 Q1 – Results – Earnings Call Slides” on May 08, 2018. Seekingalpha.com‘s news article titled: “Neonode’s (NEON) CEO HÃ¥kan Persson on Q1 2018 Results – Earnings Call Transcript” with publication date: May 08, 2018 was also an interesting one.

Neonode Inc. (NASDAQ:NEON) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.