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

Iteris, Inc. (NASDAQ:ITI) saw a large decline in short interest during the month of 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 trading volume, of 92,700 shares, the days-to-cover ratio is currently 1.7 days.

Iteris Price Performance

NASDAQ:ITI traded up $0.13 on Wednesday, reaching $4.49. 124,695 shares of the company’s stock were exchanged, compared to its average volume of 116,410. The stock has a fifty day simple moving average of $4.45 and a 200-day simple 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.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ITI shares. Maxim Group started coverage on shares of Iteris in a research report on Tuesday, April 30th. They set a “buy” rating and a $11.00 target price for the company. StockNews.com downgraded Iteris from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 19th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new position in shares of Iteris in the first quarter valued at approximately $43,000. Bfsg LLC purchased a new stake in Iteris in the 4th quarter worth approximately $50,000. EntryPoint Capital LLC purchased a new stake in Iteris in the 1st quarter worth approximately $66,000. SG Americas Securities LLC grew its position in shares of Iteris by 47.0% during the 4th 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. Finally, Perritt Capital Management Inc. increased its holdings in shares of Iteris by 150.0% in the first quarter. Perritt Capital Management Inc. now owns 25,000 shares of the technology company’s stock worth $124,000 after purchasing an additional 15,000 shares during the period. 51.16% of the stock is owned by institutional investors.

Iteris Company Profile

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.