Short Interest in Inpixon (NASDAQ:INPX) Increases By 58.7%

Inpixon (NASDAQ:INPXGet Free Report) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 13,080,000 shares, an increase of 58.7% from the January 15th total of 8,240,000 shares. Based on an average trading volume of 14,140,000 shares, the days-to-cover ratio is presently 0.9 days.

Inpixon Stock Performance

NASDAQ INPX opened at $0.05 on Tuesday. Inpixon has a 1-year low of $0.04 and a 1-year high of $1.65. The stock’s 50 day simple moving average is $0.06 and its 200-day simple moving average is $0.10.

Inpixon (NASDAQ:INPXGet Free Report) last announced its quarterly earnings data on Tuesday, November 14th. The technology company reported ($0.08) EPS for the quarter. Inpixon had a negative return on equity of 462.03% and a negative net margin of 258.48%. The company had revenue of $2.02 million for the quarter.

Hedge Funds Weigh In On Inpixon

A number of institutional investors have recently added to or reduced their stakes in the stock. HRT Financial LP lifted its position in Inpixon by 154.7% during the fourth quarter. HRT Financial LP now owns 47,930 shares of the technology company’s stock worth $81,000 after buying an additional 29,115 shares in the last quarter. State Street Corp lifted its position in Inpixon by 16.4% during the first quarter. State Street Corp now owns 380,320 shares of the technology company’s stock worth $99,000 after buying an additional 53,521 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Inpixon during the first quarter worth $39,000. Millennium Management LLC acquired a new stake in Inpixon during the second quarter worth $38,000. Finally, Vanguard Group Inc. acquired a new stake in Inpixon during the third quarter worth $26,000. Hedge funds and other institutional investors own 11.70% of the company’s stock.

Inpixon Company Profile

(Get Free Report)

Inpixon, together with its subsidiaries, operates as an indoor intelligence company in the United States, Canada, India, Germany, Philippines, Ireland, the United Kingdom, and internationally. It operates through three segments: Indoor Intelligence, Saves, and Shoom. The Indoor Intelligence segment offers Internet of Things (IoT) software as a service platform that provides industrial IoT space, including enterprise class, multi-technology RTLS IoT platform for industrial automation; RTLS asset tracking hardware, such as end-to-end portfolio of IoT sensors, and tracking tags to track assets or personnel; Inpixon nanoLOC transceiver, a low-power, highly integrated mixed-signal chip; and video integration solution uses IoT analytics data and allows direct integration with leading video management systems and CCTV.

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