Neonode Inc. (NASDAQ:NEON) Short Interest Down 16.4% in June

Neonode Inc. (NASDAQ:NEON) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totalling 144,600 shares, a decrease of 16.4% from the June 15th total of 173,000 shares. Based on an average daily trading volume, of 74,700 shares, the days-to-cover ratio is currently 1.9 days.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Neonode in a report on Friday, June 14th. They issued a “sell” rating for the company.

Neonode Stock Performance

NASDAQ NEON traded down $0.04 during trading hours on Tuesday, reaching $2.37. The company’s stock had a trading volume of 33,007 shares, compared to its average volume of 52,939. The stock has a market cap of $36.40 million, a PE ratio of -3.39 and a beta of 1.82. Neonode has a fifty-two week low of $1.02 and a fifty-two week high of $4.57. The company’s 50-day moving average is $2.39 and its two-hundred day moving average is $1.94.

Neonode (NASDAQ:NEON) last issued its quarterly earnings data on Wednesday, May 8th. The electronics maker reported ($0.14) EPS for the quarter. The business had revenue of $1.01 million during the quarter. Neonode had a negative net margin of 256.11% and a negative return on equity of 54.27%.

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.