Is Buying Interdigital Inc (NASDAQ:IDCC), Having Lower Short Interest a Winning Strategy?

InterDigital, Inc. (NASDAQ:IDCC) Logo

Investors sentiment decreased to 0.58 in Q2 2019. Its down 0.17, from 0.75 in 2019Q1. It turned negative, as 31 investors sold InterDigital, Inc. shares while 81 reduced holdings. 25 funds opened positions while 40 raised stakes. 21.52 million shares or 6.52% less from 23.02 million shares in 2019Q1 were reported.
Bluestein R H And invested in 3,500 shares. Sg Americas Limited Liability Corp holds 0% or 7,048 shares. Trexquant Investment Limited Partnership reported 5,626 shares or 0.03% of all its holdings. Nomura has invested 0.07% in InterDigital, Inc. (NASDAQ:IDCC). Royal Bank Of Canada holds 157,347 shares or 0% of its portfolio. Citigroup Incorporated owns 0% invested in InterDigital, Inc. (NASDAQ:IDCC) for 12,063 shares. Bridgeway Capital Inc accumulated 9,700 shares. Tradewinds Cap Management Ltd Liability Corporation reported 300 shares. Mirae Asset Invests Communication Limited has 25,059 shares for 0.01% of their portfolio. Wells Fargo And Mn holds 30,062 shares or 0% of its portfolio. Credit Suisse Ag owns 0% invested in InterDigital, Inc. (NASDAQ:IDCC) for 40,102 shares. Northern Tru holds 0.01% or 581,528 shares. Pnc Gru holds 0% or 899 shares in its portfolio. Paloma Prtn Mgmt holds 7,876 shares. Burney holds 0.12% in InterDigital, Inc. (NASDAQ:IDCC) or 29,845 shares.

The stock of Interdigital Inc (NASDAQ:IDCC) registered a decrease of 5.22% in short interest. IDCC’s total short interest was 1.70 million shares in September as published by FINRA. Its down 5.22% from 1.79M shares, reported previously. With 403,200 shares average volume, it will take short sellers 4 days to cover their IDCC’s short positions. The short interest to Interdigital Inc’s float is 5.3%.

The stock decreased 0.47% or $0.26 during the last trading session, reaching $55.23. About 129,671 shares traded. InterDigital, Inc. (NASDAQ:IDCC) has declined 20.80% since September 13, 2018 and is downtrending. It has underperformed by 20.80% the S&P500.

InterDigital, Inc. designs and develops technologies that enable and enhance wireless communications in the United States and internationally. The company has market cap of $1.72 billion. It offers technology solutions for use in digital cellular and wireless products and networks, including 2G, 3G, 4G, and IEEE 802-related products and networks. It has a 67.77 P/E ratio. The firm develops cellular technologies, such as technologies related to CDMA, TDMA, OFDM/OFDMA, and MIMO for use in 2G, 3G, and 4G wireless networks and mobile terminal devices; and other wireless technologies related to Wi-Fi, WLAN, WMAN, and WRAN.

More notable recent InterDigital, Inc. (NASDAQ:IDCC) news were published by: Globenewswire.com which released: “InterDigital Completes Acquisition of Technicolor R&I Unit – GlobeNewswire” on June 04, 2019, also Nasdaq.com with their article: “Notable Tuesday Option Activity: CAT, IDCC, SFLY – Nasdaq” published on April 30, 2019, Finance.Yahoo.com published: “Here’s What Hedge Funds Think About InterDigital, Inc. (IDCC) – Yahoo Finance” on June 24, 2019. More interesting news about InterDigital, Inc. (NASDAQ:IDCC) were released by: Nasdaq.com and their article: “Earnings Preview: InterDigital (IDCC) Q1 Earnings Expected to Decline – Nasdaq” published on April 25, 2019 as well as Nasdaq.com‘s news article titled: “InterDigital (IDCC) Q2 Earnings and Revenues Top Estimates – Nasdaq” with publication date: August 01, 2019.

InterDigital, Inc. (NASDAQ:IDCC) Institutional Positions Chart

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