IDI, Inc. (IDI) Sees Large Decline in Short Interest

IDI, Inc. (NYSE:IDI) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 860,141 shares, a decrease of 1.4% from the August 31st total of 872,457 shares. Based on an average trading volume of 245,895 shares, the days-to-cover ratio is presently 3.5 days.

In other news, insider Michael Brauser purchased 5,700 shares of the business’s stock in a transaction on Friday, August 19th. The shares were acquired at an average price of $4.78 per share, with a total value of $27,246.00. Following the completion of the transaction, the insider now owns 121,734 shares of the company’s stock, valued at approximately $581,888.52. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Several hedge funds have recently bought and sold shares of IDI. Teachers Advisors Inc. bought a new stake in IDI during the second quarter worth about $112,000. Schwab Charles Investment Management Inc. acquired a new position in shares of IDI during the second quarter worth approximately $114,000. Bank of New York Mellon Corp acquired a new position in shares of IDI during the second quarter worth approximately $131,000. California State Teachers Retirement System acquired a new position in shares of IDI during the second quarter worth approximately $151,000. Finally, BlackRock Investment Management LLC boosted its position in shares of IDI by 2,392.5% in the second quarter. BlackRock Investment Management LLC now owns 61,340 shares of the company’s stock worth $290,000 after buying an additional 58,879 shares during the last quarter.

A number of brokerages have commented on IDI. Zacks Investment Research raised shares of IDI from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Barrington Research began coverage on shares of IDI in a research report on Tuesday, July 12th. They set an “outperform” rating and a $7.00 price objective on the stock.

IDI (NYSE:IDI) opened at 5.02 on Friday. IDI has a 52-week low of $3.78 and a 52-week high of $10.71. The company’s market cap is $254.30 million. The stock’s 50 day moving average is $5.19 and its 200-day moving average is $5.10.

IDI (NYSE:IDI) last posted its quarterly earnings data on Monday, August 8th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by $0.02. The firm had revenue of $41 million for the quarter, compared to the consensus estimate of $1 million. Equities research analysts predict that IDI will post ($0.51) EPS for the current fiscal year.

5 Day Chart for NYSE:IDI

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