Sysorex Global (INPX) Short Interest Down 40.2% in August
Sysorex Global (NASDAQ:INPX) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totalling 318,881 shares, a drop of 40.2% from the August 15th total of 532,920 shares. Based on an average daily volume of 1,878,122 shares, the short-interest ratio is currently 0.2 days. Approximately 3.2% of the shares of the stock are short sold.
Sysorex Global (NASDAQ INPX) opened at 0.2421 on Friday. The company’s market capitalization is $2.48 million. Sysorex Global has a 12 month low of $0.19 and a 12 month high of $11.09. The firm has a 50-day moving average price of $0.33 and a 200-day moving average price of $1.71.
A number of research firms recently weighed in on INPX. B. Riley reaffirmed a “neutral” rating and set a $0.25 price target on shares of Sysorex Global in a report on Sunday, August 27th. Zacks Investment Research upgraded Sysorex Global from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th.
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Sysorex Global Company Profile
Inpixon, formerly Sysorex Global, provides data analytics and location-based solutions and services to commercial and government customers across the world. The Company operates through four segments: Mobile, IoT & Big Data Products, which includes its AirPatrol product line and on-premise big data appliance product; Storage and Computing, which includes third-party hardware, software and related maintenance/warranty products and services that the Company resells; SaaS Revenues, which provides software-as-a-services or Internet-based hosted services, and Professional Services, which offers general information technology (IT) services.
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