Inpixon (NASDAQ:INPX – Get Free Report) was the target of a large increase in short interest during the month of 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 daily trading volume, of 14,140,000 shares, the short-interest ratio is presently 0.9 days.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. acquired a new position in Inpixon during the 3rd quarter valued at about $26,000. Millennium Management LLC acquired a new stake in shares of Inpixon in the 2nd quarter worth approximately $38,000. Renaissance Technologies LLC acquired a new stake in shares of Inpixon in the 1st quarter worth approximately $39,000. Ursa Fund Management LLC acquired a new stake in shares of Inpixon in the 4th quarter worth approximately $62,000. Finally, HRT Financial LP lifted its stake in shares of Inpixon by 154.7% in the 4th quarter. HRT Financial LP now owns 47,930 shares of the technology company’s stock worth $81,000 after acquiring an additional 29,115 shares during the period. 11.70% of the stock is owned by institutional investors and hedge funds.
Inpixon Price Performance
Shares of NASDAQ:INPX opened at $0.05 on Tuesday. The firm has a 50-day simple moving average of $0.06 and a 200 day simple moving average of $0.10. Inpixon has a fifty-two week low of $0.04 and a fifty-two week high of $1.65.
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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