InterDigital Inc (IDCC)

[dndodd]

InterDigital, Inc. Short Interest Update

November 25, 2015


InterDigital, Inc. (NASDAQ:IDCC) stated gains of 351,924 shares or 10% in the short interest. The short interest registered from 3,526,042 on October 30,2015 to 3,877,966 on November 13,2015. In terms of floated shares, the shorted positions stood at 11.1%. The stock has been averaging 423,662 shares daily in trading and would need 9 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on November 24th after Market close.

Research firm Zacks has rated InterDigital, Inc. (NASDAQ:IDCC) and has ranked it at 1, indicating that for the short term the shares are a strong buy. 2 Wall Street analysts have given the company an average rating of 2.5. The shares have received a hold rating based on the suggestion from 1 analysts in latest recommendations. The company had a buy rating from 1 analysts.

Shares of InterDigital, Inc. (NASDAQ:IDCC) ended Tuesday session in red amid volatile trading. The shares closed down 0.91 points or 1.71% at $52.21 with 233,294 shares getting traded. Post opening the session at $52.72, the shares hit an intraday low of $51.92 and an intraday high of $52.98 and the price vacillated in this range throughout the day. The company has a market cap of $1,849 million and the number of outstanding shares have been calculated to be 35,409,016 shares. The 52-week high of InterDigital, Inc. (NASDAQ:IDCC) is $60.69 and the 52-week low is $44.28.



InterDigital, Inc. has dropped 0.51% in the last five trading days, however, the shares have posted positive gains of 5.73% in the last 4 weeks. InterDigital, Inc. is up 8.47% in the last 3-month period. Year-to-Date the stock performance stands at 0.21%.

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The officer (EVP, General Counsel & Sec.), of Interdigital, Inc., Lau Jannie K had unloaded 1,604 shares at $57.5 per share in a transaction on July 16, 2015. The total value of transaction was $92,230. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 1.5% of InterDigital, Inc. shares according to the proxy statements. Institutional Investors own 71.18% of InterDigital, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -21.69%.

InterDigital, Inc. (InterDigital) designs and develops advanced technologies for wireless communications. It has designed and developed a range of technologies that are used in digital cellular and wireless products and networks, including second generation (2G), third generation (3G), fourth generation (4G) and IEEE 802-related products and networks. It is a contributor of intellectual property to the wireless communications industry. As of December 31, 2012, InterDigitals wholly owned subsidiaries held a portfolio of over 19,000 patents and patent applications related to the fundamental technologies that enable wireless communications. Products incorporating its patented inventions include: mobile devices, such as cellular phones, tablets, notebook computers and wireless personal digital assistants; wireless infrastructure equipment, such as base stations, and components, dongles and modules for wireless devices.

http://www.insidertradingreport.org/interdigital-inc-short-interest-update/6187287/