What Next for Inpixon (NASDAQ:INPX) Stock After Increase in Shorted Shares?

February 14, 2018 - By reb123z

 What Next for Inpixon (NASDAQ:INPX) Stock After Increase in Shorted Shares?

The stock of Inpixon (NASDAQ:INPX) registered an increase of 16.43% in short interest. INPX’s total short interest was 1.59M shares in February as published by FINRA. Its up 16.43% from 1.37 million shares, reported previously. With 2.78M shares average volume, it will take short sellers 1 days to cover their INPX’s short positions.

The stock decreased 8.33% or $0.32 during the last trading session, reaching $3.52. About 700,566 shares traded or 53.27% up from the average. Inpixon (NASDAQ:INPX) has declined 69.52% since February 14, 2017 and is downtrending. It has underperformed by 86.22% the S&P500.

Inpixon, through its subsidiaries, provides big data analytics and location based products and related services for the cyber-security and Internet of things markets worldwide. The company has market cap of $5.70 million. The firm operates through Mobile, IoT & Big Data Products; Storage and Computing; SaaS ; and Professional Services divisions. It currently has negative earnings. It offers AirPatrol, a location security and marketing platform for wireless and cellular devices to detect, monitor, and manage the content and behavior of smartphones, tablets, and other mobile devices based on their location and user; and Big Data appliance products.

More recent Inpixon (NASDAQ:INPX) news were published by: Valuewalk.com which released: “Immune Design Corp. (IMDZ) and Inpixon (INPX) Activist Update” on February 08, 2018. Also Globenewswire.com published the news titled: “Inpixon Effects Reverse Stock Split” on February 06, 2018. Globenewswire.com‘s news article titled: “Inpixon’s Enterprise Voice-User Interface Digital Assistant Helps Marketers …” with publication date: February 01, 2018 was also an interesting one.

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