Interactive Intelligence Group Sees Significant Growth in Short Interest (ININ)
Interactive Intelligence Group (NASDAQ:ININ) was the target of a significant growth in short interest during the month of June. As of June 13th, there was short interest totalling 1,142,462 shares, a growth of 41.0% from the May 30th total of 810,218 shares, Stock Ratings Network reports. Approximately 6.9% of the shares of the stock are short sold. Based on an average trading volume of 190,277 shares, the short-interest ratio is currently 6.0 days.
A number of research firms have recently commented on ININ. Analysts at Wedbush cut their price target on shares of Interactive Intelligence Group from $80.00 to $60.00 in a research note on Tuesday, May 6th. Separately, analysts at Sidoti upgraded shares of Interactive Intelligence Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 6th. Finally, analysts at Northland Securities raised their price target on shares of Interactive Intelligence Group from $93.00 to $96.00 in a research note on Monday, April 7th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $75.90.
Interactive Intelligence Group (NASDAQ:ININ) opened at 56.05 on Wednesday. Interactive Intelligence Group has a one year low of $45.86 and a one year high of $81.59. The stock’s 50-day moving average is $51.16 and its 200-day moving average is $65.38. The company has a market cap of $1.167 billion and a price-to-earnings ratio of 212.61.
Interactive Intelligence Group (NASDAQ:ININ) last issued its quarterly earnings data on Monday, May 5th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.01 by $0.03. The company had revenue of $79.40 million for the quarter, compared to the consensus estimate of $79.67 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. On average, analysts predict that Interactive Intelligence Group will post $0.25 earnings per share for the current fiscal year.
Interactive Intelligence Group, Inc (NASDAQ:ININ), formerly Interactive Intelligence, Inc, is a holding company.
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