Immersion Co. (NASDAQ:IMMR) Short Interest Down 5.6% in January

Immersion Co. (NASDAQ:IMMR - Get Free Report) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 3,190,000 shares, a decrease of 5.6% from the January 15th total of 3,380,000 shares. Approximately 11.3% of the company's shares are sold short. Based on an average daily trading volume, of 781,500 shares, the short-interest ratio is currently 4.1 days.

Institutional Trading of Immersion

Institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in shares of Immersion by 29,900.0% during the fourth quarter. Farther Finance Advisors LLC now owns 3,000 shares of the software maker's stock worth $26,000 after buying an additional 2,990 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Immersion in the 4th quarter valued at about $51,000. Quarry LP bought a new position in shares of Immersion during the 4th quarter worth approximately $54,000. Copeland Capital Management LLC acquired a new position in shares of Immersion in the third quarter valued at $59,000. Finally, AlphaQuest LLC bought a new position in Immersion in the 4th quarter valued at about $61,000. 60.57% of the stock is currently owned by institutional investors.

Immersion Stock Down 1.4 %

IMMR stock traded down $0.12 during mid-day trading on Friday, hitting $8.48. 453,949 shares of the company were exchanged, compared to its average volume of 531,731. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 1.65. Immersion has a 1-year low of $6.54 and a 1-year high of $13.94. The firm's 50 day simple moving average is $8.66 and its 200 day simple moving average is $8.85. The firm has a market cap of $273.73 million, a P/E ratio of 3.03 and a beta of 1.50.

Immersion (NASDAQ:IMMR - Get Free Report) last issued its quarterly earnings data on Monday, December 16th. The software maker reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.68. Immersion had a net margin of 11.79% and a return on equity of 28.08%. On average, sell-side analysts predict that Immersion will post 1.57 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, BWS Financial reissued a "buy" rating and issued a $13.50 target price on shares of Immersion in a research note on Wednesday, February 5th.

Immersion Company Profile

Immersion Corporation, together with its subsidiaries, engages in the creation, design, development, and licensing of haptic technologies that allow people to use their sense of touch to engage with and experience various digital products in North America, Europe, and Asia. The company provides technology, patent, and combined licenses.