Intermolecular, Inc. (NASDAQ:IMI) Closed Over Its 50 Day Average


Shares of the company are trading at $1.11 a tad above $1.01, the stock’s 50 day moving average and significantly higher than the 200 day moving average of $0.93. The 50 day moving average moved up $0.10 whereas the 200 day average was up by +19.82%. Trading was light with 302 shares changing hands in the last trading session. Trading volume was down 97.86% under the stocks average daily volume.

Traders are more bullish on shares of the company recently if you watch the downtick in short interest. The company experienced a fall in short interest of -14.77% between September 15, 2017 and September 29, 2017. Short shares fell from 75,976 to 64,757 over that timeframe. With short interest at 64,757 and short average daily volume at 32,802, the short-interest ratio is 2.0 and the percentage of shorted shares is 0.00% as of September 29.

These funds have shifted positions in (IMI). As of the end of the quarter Renaissance Technologies LLC had bought 2,101 shares growing its holdings by 0.3%. The value of the company’s investment in Intermolecular, Inc. decreased from $773,000 to $750,000 a change of 3.0% quarter over quarter. As of quarter end Blackrock Inc. had disposed of a total of 30,885 shares trimming its stake by 52.5%. The value of the investment in (IMI) went from $55,000 to $25,000 decreasing 54.5% since the last quarter.

Tower Research Capital LLC (trc) bolstered its stake by buying 7,071 shares an increase of 107.5% from 03/31/2017 to 06/30/2017. Tower Research Capital LLC (trc) controls 13,648 shares with a value of $12,000. The total value of its holdings increased 100.0%. Spark Investment Management LLC trimmed its investment by shedding 28,965 shares a decrease of 22.9% as of 06/30/2017. Spark Investment Management LLC now holds 97,385 shares worth $87,000. The value of the position overall is down by 25.6%.

As of the last earnings report the EPS was $-0.37 and is estimated to be $-0.20 for the current year with 49,559,000 shares currently outstanding. Next quarter’s EPS is expected be $-0.03 with next year’s EPS anticipated to be $-0.10.

Intermolecular, Inc., launched on June 16, 2004, provides solutions for the evaluation and development of engineered thin-film materials for next generation technology products. The Company is a partner for the innovation of advanced materials using high throughput experimentation. The Business’s high productivity combinatorial (HPC) platform consists of tempus processing tools, automated characterization methods, and Informatics analysis software, which is purpose-built for research and development (R&D) using combinatorial process systems in concert with established chemical vapor deposition (CVD), physical vapor deposition (PVD) and atomic layer deposition (ALD) deposition methods. Combinatorial processing is a methodology for experimentation, discovery and development that employs parallel and other high-throughput experimentation. It begins the development and discovery process by working with its customers to define the specific requirements..