Iteris, Inc. (NASDAQ:ITI) Short Interest Update

Iteris, Inc. (NASDAQ:ITI) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totalling 157,400 shares, a decline of 7.8% from the May 31st total of 170,800 shares. Based on an average daily volume of 92,700 shares, the short-interest ratio is currently 1.7 days.

Iteris Stock Up 3.0 %

Iteris stock traded up $0.13 during mid-day trading on Wednesday, reaching $4.49. The company had a trading volume of 124,695 shares, compared to its average volume of 116,410. The company has a 50 day moving average of $4.45 and a 200-day moving average of $4.75. Iteris has a 52 week low of $3.72 and a 52 week high of $5.49. The firm has a market cap of $192.94 million, a price-to-earnings ratio of 62.29 and a beta of 0.83.

Institutional Investors Weigh In On Iteris

Institutional investors have recently added to or reduced their stakes in the company. Worth Venture Partners LLC raised its stake in shares of Iteris by 19.1% in the 3rd quarter. Worth Venture Partners LLC now owns 282,266 shares of the technology company’s stock valued at $1,169,000 after buying an additional 45,244 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Iteris by 47.0% during the fourth quarter. SG Americas Securities LLC now owns 18,439 shares of the technology company’s stock valued at $96,000 after purchasing an additional 5,897 shares in the last quarter. First Eagle Investment Management LLC grew its stake in shares of Iteris by 4.9% in the 4th quarter. First Eagle Investment Management LLC now owns 478,069 shares of the technology company’s stock valued at $2,486,000 after purchasing an additional 22,289 shares during the period. Panagora Asset Management Inc. raised its holdings in shares of Iteris by 17.5% in the 4th quarter. Panagora Asset Management Inc. now owns 32,962 shares of the technology company’s stock worth $171,000 after buying an additional 4,904 shares in the last quarter. Finally, Bfsg LLC bought a new position in shares of Iteris during the 4th quarter worth approximately $50,000. 51.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ITI has been the subject of a number of research analyst reports. Maxim Group assumed coverage on shares of Iteris in a research report on Tuesday, April 30th. They issued a “buy” rating and a $11.00 target price for the company. StockNews.com downgraded shares of Iteris from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 19th.

About Iteris

Iteris, Inc provides intelligent transportation systems technology solutions in North America, Europe, South America, and Asia. The company offers smart mobility infrastructure solutions include traveler information systems, transportation performance measurement software, traffic analytics software, transportation operations software, transportation-related data sets, advanced sensing devices, managed services, traffic engineering services, and mobility consulting services.