Can Neonode Incorporated (NASDAQ:NEON)’s Tomorrow Be Different? The Stock Had Decline in Shorts

July 18, 2017 - By Stephen Andrade

 Can Neonode Incorporated (NASDAQ:NEON)’s Tomorrow Be Different? The Stock Had Decline in Shorts

Investors sentiment decreased to 0.62 in 2016 Q4. Its down 0.68, from 1.3 in 2016Q3. It dived, 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.
1 were accumulated by Citigroup. One Trading Lp owns 8,672 shares for 0% of their portfolio. Menta Lc owns 123,731 shares or 0.02% of their US portfolio. Blackrock Invest Mngmt Limited Liability Company has 0% invested in Neonode, Inc (NASDAQ:NEON). State Street Corporation holds 12,979 shares or 0% of its portfolio. Geode Capital Limited Co invested 0% in Neonode, Inc (NASDAQ:NEON). Deutsche National Bank Ag invested 0% of its portfolio in Neonode, Inc (NASDAQ:NEON). Essex Mgmt Ltd Limited Liability Company reported 696,000 shares. Next Financial Grp reported 2,500 shares. Goldman Sachs Group Inc Inc owns 20,196 shares or 0% of their US portfolio. Tower Research Capital Ltd Company (Trc) invested in 598 shares. 23,380 were accumulated by Bankshares Of New York Mellon Corp. Blackrock Advsr Limited Company owns 12,904 shares. Lincoln Cap Limited Company owns 163,700 shares for 0.21% of their portfolio. Blackrock Institutional Trust Communication Na reported 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 4.37M 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 stock has “Sell” rating by Zacks on Tuesday, September 22. The stock of Neonode, Inc (NASDAQ:NEON) earned “Buy” rating by Ascendiant Capital Markets on Friday, August 7.

More important recent Neonode, Inc (NASDAQ:NEON) news were published by: Globenewswire.com which released: “Neonode® AirBarâ„¢ Sensor Available at Walmart.com” on November 29, 2016, also Globenewswire.com published article titled: “Neonode zForce® Touch Technology Used in Samsung’s C40 Printer 7 Inch Display”, 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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