Iteris, Inc. (NASDAQ:ITI) Short Interest Up 14.2% in July

Iteris, Inc. (NASDAQ:ITI) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 229,300 shares, an increase of 14.2% from the June 30th total of 200,800 shares. Based on an average daily volume of 103,100 shares, the short-interest ratio is presently 2.2 days.

Institutional Trading of Iteris

Institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new stake in Iteris during the 1st quarter worth about $43,000. Bfsg LLC purchased a new stake in Iteris during the 4th quarter worth about $50,000. EntryPoint Capital LLC purchased a new stake in Iteris during the 1st quarter worth about $66,000. Perritt Capital Management Inc. lifted its holdings in Iteris by 150.0% during the 1st quarter. Perritt Capital Management Inc. now owns 25,000 shares of the technology company’s stock worth $124,000 after buying an additional 15,000 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its holdings in Iteris by 17.5% during the 4th quarter. Panagora Asset Management Inc. now owns 32,962 shares of the technology company’s stock worth $171,000 after buying an additional 4,904 shares during the last quarter. 51.16% of the stock is owned by hedge funds and other institutional investors.

Iteris Stock Performance

NASDAQ ITI traded up $0.01 during trading on Wednesday, reaching $4.84. 6,583 shares of the company’s stock were exchanged, compared to its average volume of 113,219. The stock has a market cap of $207.97 million, a P/E ratio of 69.14 and a beta of 0.83. The company has a 50 day moving average price of $4.48 and a two-hundred day moving average price of $4.71. Iteris has a 1 year low of $3.86 and a 1 year high of $5.49.

Analysts Set New Price Targets

Separately, Maxim Group initiated coverage on Iteris in a report on Tuesday, April 30th. They issued a “buy” rating and a $11.00 target price for the company.

Iteris Company Profile

Iteris, Inc provides intelligent transportation systems technology solutions in North America, Europe, South America, and Asia. The company offers smart mobility infrastructure solutions include traveler information systems, transportation performance measurement software, traffic analytics software, transportation operations software, transportation-related data sets, advanced sensing devices, managed services, traffic engineering services, and mobility consulting services.