Could Ikonics Corporation (NASDAQ:IKNX) Skyrocket? The Stock Has Too Many Sellers

IKONICS Corporation (NASDAQ:IKNX) Logo

Investors sentiment decreased to 0.33 in 2019 Q2. Its down 0.67, from 1 in 2019Q1. It fall, as 0 investors sold IKONICS Corporation shares while 3 reduced holdings. 0 funds opened positions while 1 raised stakes. 25,480 shares or 5.50% less from 26,964 shares in 2019Q1 were reported.
Moreover, Susquehanna Gp Limited Liability Partnership has 0% invested in IKONICS Corporation (NASDAQ:IKNX). Royal Fincl Bank Of Canada holds 0% in IKONICS Corporation (NASDAQ:IKNX) or 1,300 shares. Us Bancorporation De has invested 0% of its portfolio in IKONICS Corporation (NASDAQ:IKNX). Blackrock Inc, New York-based fund reported 237 shares. Tower Rech Limited (Trc) accumulated 104 shares. Morgan Stanley holds 0% or 1,500 shares.

Since May 6, 2019, it had 2 insider buys, and 0 insider sales for $28,370 activity. $12,939 worth of IKONICS Corporation (NASDAQ:IKNX) was bought by Lee Darrell B on Monday, August 26.

The stock of Ikonics Corporation (NASDAQ:IKNX) registered an increase of 100% in short interest. IKNX’s total short interest was 200 shares in September as published by FINRA. Its up 100% from 100 shares, reported previously. With 1,400 shares average volume, it will take short sellers 0 days to cover their IKNX’s short positions. The short interest to Ikonics Corporation’s float is 0.02%.

The stock decreased 4.43% or $0.29 during the last trading session, reaching $6.26. About 4,209 shares traded or 121.99% up from the average. IKONICS Corporation (NASDAQ:IKNX) has declined 10.74% since September 13, 2018 and is downtrending. It has underperformed by 10.74% the S&P500.

IKONICS Corporation develops, manufactures, and sells photosensitive liquids and films for the screen printing, and awards and recognition industries primarily in the United States. The company has market cap of $12.26 million. It operates through five divisions: Domestic, Export, IKONICS Imaging, Digital Texturing Technology, and Advanced Material Solutions. It currently has negative earnings. The firm sells screen printing films, emulsions, and inkjet receptive films to distributors; and photo resistant films, art supplies, glass, metal medium, and related abrasive etching equipment to end user customers.

More notable recent IKONICS Corporation (NASDAQ:IKNX) news were published by: which released: “Ikonics: Why Are Insiders Buying This Cheap Tech Growth Stock? – Seeking Alpha” on September 17, 2015, also with their article: “IKONICS Announces William C. Ulland’s Retirement as President and Chief Executive Officer – GlobeNewswire” published on April 24, 2019, published: “IKONICS Ends 2017 with Record Quarter Nasdaq:IKNX – GlobeNewswire” on February 22, 2018. More interesting news about IKONICS Corporation (NASDAQ:IKNX) were released by: and their article: “IKONICS Releases Earnings and Market Status and Announces New Share Repurchase Authorization – GlobeNewswire” published on August 03, 2017 as well as‘s news article titled: “IKONICS Announces Second Quarter Results Nasdaq:IKNX – GlobeNewswire” with publication date: August 02, 2019.

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