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

Immersion Co. (NASDAQ:IMMR) saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 3,190,000 shares, a decline 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 trading volume of 781,500 shares, the short-interest ratio is currently 4.1 days.

Institutional Investors Weigh In On Immersion

A number of institutional investors have recently modified their holdings of the stock. PharVision Advisers LLC acquired a new stake in shares of Immersion in the 4th quarter valued at about $202,000. Sherbrooke Park Advisers LLC acquired a new stake in shares of Immersion in the 4th quarter valued at about $170,000. ProShare Advisors LLC raised its stake in shares of Immersion by 8.5% in the 4th quarter. ProShare Advisors LLC now owns 26,318 shares of the software maker’s stock valued at $230,000 after purchasing an additional 2,064 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in shares of Immersion by 11.0% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 494,167 shares of the software maker’s stock valued at $4,448,000 after purchasing an additional 48,843 shares in the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of Immersion in the 4th quarter valued at about $186,000. Institutional investors and hedge funds own 60.57% of the company’s stock.

Immersion Stock Up 1.0 %

Shares of Immersion stock opened at $8.73 on Thursday. The company has a fifty day moving average price of $8.68 and a 200 day moving average price of $8.87. The company has a current ratio of 1.65, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. Immersion has a twelve month low of $6.54 and a twelve month high of $13.94. The stock has a market cap of $281.80 million, a price-to-earnings ratio of 3.12 and a beta of 1.50.

Immersion (NASDAQ:IMMR) last posted its quarterly earnings data on Monday, December 16th. The software maker reported $0.83 earnings per share for the quarter, beating 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%. Equities research analysts forecast that Immersion will post 1.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, BWS Financial restated a “buy” rating and set a $13.50 price objective on shares of Immersion in a report 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.