Inpixon (NASDAQ:INPX) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totalling 1,018,300 shares, a decrease of 7.5% from the June 30th total of 1,101,100 shares. Based on an average daily trading volume, of 994,600 shares, the days-to-cover ratio is presently 1.0 days. Approximately 15.9% of the shares of the company are short sold.
A hedge fund recently bought a new stake in Inpixon stock. Bank of New York Mellon Corp bought a new position in Inpixon (NASDAQ:INPX) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,402 shares of the technology company’s stock, valued at approximately $36,000. Bank of New York Mellon Corp owned 0.72% of Inpixon at the end of the most recent reporting period. 7.95% of the stock is owned by institutional investors.
INPX stock traded down $0.02 on Thursday, reaching $0.17. The company’s stock had a trading volume of 4,659,700 shares, compared to its average volume of 1,400,815. Inpixon has a 52 week low of $0.16 and a 52 week high of $20.40. The firm has a fifty day moving average of $0.45 and a two-hundred day moving average of $0.89. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.88 and a current ratio of 0.99.
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 operates in two segments, Indoor Positioning Analytics and Infrastructure. The Indoor Positioning Analytics segment offers various products and services, which are delivered on premise or in the Cloud, as well as hosted Software-as-a-Service based solutions.
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