Inseego Corp (NASDAQ:INSG) Shorted Shares Increased 9.88% After Market Selling

The stock of Inseego Corp (NASDAQ:INSG) registered an increase of 9.88% in short interest. INSG’s total short interest was 11.15 million shares in September as published by FINRA. Its up 9.88% from 10.15M shares, reported previously. With 1.01M shares average volume, it will take short sellers 11 days to cover their INSG’s short positions. The short interest to Inseego Corp’s float is 21.2%.

The stock decreased 0.41% or $0.02 during the last trading session, reaching $4.88. About 1.01M shares traded. Inseego Corp. (NASDAQ:INSG) has risen 188.89% since September 13, 2018 and is uptrending. It has outperformed by 188.89% the S&P500.

Inseego Corp., together with its subsidiaries, provides software-as-a-service and solutions for Internet of Things (IoT) worldwide. The company has market cap of $388.16 million. It sells telematics solutions, including fleet management, asset tracking and monitoring, stolen vehicle recovery, and usage insurance platforms under the Ctrack brand; and connectivity solutions and device management services. It currently has negative earnings. The firm sells SaaS, software, and service solutions across multiple IoT vertical markets, including fleet management and vehicle telematics, usage insurance, stolen vehicle recovery, asset tracking and monitoring, business connectivity, and device management.

More notable recent Inseego Corp. (NASDAQ:INSG) news were published by: Seekingalpha.com which released: “AMBA, OIBR.C and YEXT among tech movers – Seeking Alpha” on August 30, 2019, also Nasdaq.com with their article: “Inseego (INSG) Reports Q1 Loss, Tops Revenue Estimates – Nasdaq” published on May 08, 2019, Profitconfidential.com published: “Inseego Corp: How This 5G Play Can Double Via Huawei Conflict – Profit Confidential” on June 17, 2019. More interesting news about Inseego Corp. (NASDAQ:INSG) were released by: Seekingalpha.com and their article: “Inseego Has Tripled, But It’s Still Undervalued – Seeking Alpha” published on January 28, 2019 as well as Nasdaq.com‘s news article titled: “Verizon Launches Inseego 5G MiFi, Service Reaches St. Paul – Nasdaq” with publication date: July 19, 2019.

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