What Next for IPSIDY INC (OTCMKTS:IDTY) Stock After Increase in Shorted Shares?

The stock of IPSIDY INC (OTCMKTS:IDTY) registered an increase of 405.63% in short interest. IDTY’s total short interest was 35,900 shares in September as published by FINRA. Its up 405.63% from 7,100 shares, reported previously. With 415,800 shares average volume, it will take short sellers 0 days to cover their IDTY’s short positions.

It closed at $0.089 lastly. It is down 0.00% since September 13, 2018 and is . It has by 0.00% the S&P500.

Ipsidy Inc. develops secure biometric identity management and electronic transaction solutions for government and public sector organizations in the United States, South Africa, and internationally. The company has market cap of $46.11 million. The firm offers identity management solutions, which include multi-modal and biometric matching software comprising front-end application software for desktop fingerprint capture and image processing, as well as a back-end fingerprint matching software solution; multi-factor authentication platform, which is designed to provide the private and public sector a secure and convenient application for universal identity verification and transaction authentication before or as part of various types of electronic transactions; VERIFIED that allows an enterprise to enroll clients using the Ipsidy portal without any integration; ACCESS, which offers an immediate solution for biometric authentication of individuals seeking entry into a building or controlled area using Bluetooth beacons to trigger the identity event; and secure plastic identity credentials and loyalty card products. It currently has negative earnings. It also provides payment processing solutions, such as Tranxa, a multi-application payment gateway and switch that provides payment solutions for online retailers and physical merchant locations; and an unattended kiosk application and backend management system, which is integrated with a transit ticketing system that facilitates fare collection and electronic ticketing for transit systems.

More recent Ipsidy Inc. (OTCMKTS:IDTY) news were published by: Prnewswire.com which released: “OTC Markets Group Welcomes Ipsidy Inc. to OTCQX – PR Newswire” on May 10, 2018. Also Seekingalpha.com published the news titled: “Renesas closes on $6.3B acquisition of IDT – Seeking Alpha” on March 29, 2019. Seekingalpha.com‘s news article titled: “Cannabis Stocks: Wait For Proof Of Business Concept – Seeking Alpha” with publication date: March 23, 2014 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.