Uni-Pixel, Inc. (UNXL) Short Interest Down 27.7% in August
Uni-Pixel, Inc. (NASDAQ:UNXL) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 4,909,347 shares, a drop of 27.7% from the August 15th total of 6,792,047 shares. Based on an average trading volume of 19,087,109 shares, the days-to-cover ratio is presently 0.3 days.
An institutional investor recently raised its position in Uni-Pixel stock. Vanguard Group Inc. boosted its stake in shares of Uni-Pixel, Inc. (NASDAQ:UNXL) by 2.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,004,664 shares of the electronics maker’s stock after acquiring an additional 53,803 shares during the quarter. Vanguard Group Inc. owned 3.36% of Uni-Pixel worth $766,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 5.25% of the stock is currently owned by institutional investors.
A number of brokerages have recently issued reports on UNXL. Benchmark Co. restated a “buy” rating and set a $0.42 price objective on shares of Uni-Pixel in a research report on Sunday, August 13th. Zacks Investment Research downgraded Uni-Pixel from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Finally, ValuEngine downgraded Uni-Pixel from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd.
Uni-Pixel (UNXL) opened at 0.051 on Friday. Uni-Pixel has a 12 month low of $0.05 and a 12 month high of $1.81. The company’s market capitalization is $3.73 million. The stock’s 50 day moving average price is $0.25 and its 200-day moving average price is $0.52.
Uni-Pixel (NASDAQ:UNXL) last issued its earnings results on Thursday, August 10th. The electronics maker reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.04). The company had revenue of $1.30 million for the quarter, compared to analysts’ expectations of $2.25 million. Uni-Pixel had a negative net margin of 675.26% and a negative return on equity of 627.00%. The company’s revenue was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.16) earnings per share. On average, equities research analysts predict that Uni-Pixel will post ($0.56) EPS for the current fiscal year.
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Uni-Pixel Company Profile
Uni-Pixel, Inc develops and markets touch sensor films for the touch screen and flexible electronics markets. The Company’s roll-to-roll electronics manufacturing process patterns fine line conductive elements on thin films. The Company markets its technologies for touch panel sensor and hard coat resin for cover glass replacement, and protective cover film applications under the XTouch and Diamond Guard brands.
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