iPass Inc. (NASDAQ:IPAS) Short Interest Down 53.5% in January

iPass Inc. (NASDAQ:IPAS) was the recipient of a significant decline in short interest during the month of January. As of January 12th, there was short interest totalling 383,780 shares, a decline of 53.5% from the December 29th total of 825,607 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 464,149 shares, the days-to-cover ratio is currently 0.8 days.

iPass (IPAS) opened at $0.47 on Friday. iPass has a 52 week low of $0.39 and a 52 week high of $1.51. The company has a market capitalization of $29.53, a P/E ratio of -1.74 and a beta of -0.34.

IPAS has been the subject of several research analyst reports. Zacks Investment Research lowered iPass from a “hold” rating to a “sell” rating in a report on Friday, January 19th. Maxim Group reissued a “buy” rating and issued a $2.00 price objective on shares of iPass in a report on Thursday, November 2nd. Finally, Roth Capital initiated coverage on iPass in a report on Wednesday, January 17th. They issued a “buy” rating and a $2.00 price objective for the company. Two analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $2.22.

Hedge funds have recently modified their holdings of the business. Susquehanna International Group LLP acquired a new position in iPass in the second quarter valued at approximately $100,000. Northern Trust Corp boosted its stake in iPass by 2.4% in the second quarter. Northern Trust Corp now owns 130,999 shares of the technology company’s stock valued at $173,000 after acquiring an additional 3,058 shares during the period. Sterling Capital Management LLC acquired a new position in iPass in the second quarter valued at approximately $228,000. P.A.W. Capital Corp boosted its stake in iPass by 143.9% in the third quarter. P.A.W. Capital Corp now owns 500,000 shares of the technology company’s stock valued at $330,000 after acquiring an additional 295,000 shares during the period. Finally, Royce & Associates LP boosted its stake in iPass by 14.3% in the third quarter. Royce & Associates LP now owns 948,500 shares of the technology company’s stock valued at $626,000 after acquiring an additional 118,500 shares during the period. Institutional investors own 28.10% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “iPass Inc. (NASDAQ:IPAS) Short Interest Down 53.5% in January” was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright laws. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/02/16/ipass-inc-ipas-short-interest-update.html.

About iPass

iPass Inc (iPass), is a provider of global mobile connectivity, offering wireless fidelity (Wi-Fi) on mobile devices. The Company, through its Mobile Connectivity Services segment, offers a cloud-based solution allowing its customers and their users’ access to its global Wi-Fi network to stay connected to the people and information.

Receive News & Ratings for iPass Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iPass and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply