Iteris, Inc. (NASDAQ:ITI) Short Interest Up 14.2% in July

Iteris, Inc. (NASDAQ:ITI) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 229,300 shares, a growth of 14.2% from the June 30th total of 200,800 shares. Based on an average daily volume of 103,100 shares, the short-interest ratio is currently 2.2 days.

Iteris Trading Down 1.8 %

Iteris stock traded down $0.09 during midday trading on Monday, reaching $4.81. 22,719 shares of the stock traded hands, compared to its average volume of 114,064. The firm has a fifty day moving average price of $4.47 and a two-hundred day moving average price of $4.70. The firm has a market cap of $206.69 million, a price-to-earnings ratio of 70.71 and a beta of 0.83. Iteris has a fifty-two week low of $3.86 and a fifty-two week high of $5.49.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bfsg LLC raised its position in Iteris by 31.4% in the second quarter. Bfsg LLC now owns 12,720 shares of the technology company’s stock worth $55,000 after acquiring an additional 3,038 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in shares of Iteris by 17.5% in the 4th quarter. Panagora Asset Management Inc. now owns 32,962 shares of the technology company’s stock worth $171,000 after purchasing an additional 4,904 shares in the last quarter. Bouvel Investment Partners LLC lifted its stake in Iteris by 2.3% during the first quarter. Bouvel Investment Partners LLC now owns 301,740 shares of the technology company’s stock valued at $1,491,000 after purchasing an additional 6,850 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Iteris during the first quarter valued at approximately $43,000. Finally, Bank of New York Mellon Corp boosted its holdings in Iteris by 8.2% during the second quarter. Bank of New York Mellon Corp now owns 134,539 shares of the technology company’s stock worth $583,000 after buying an additional 10,208 shares in the last quarter. 51.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Maxim Group assumed coverage on shares of Iteris in a research note on Tuesday, April 30th. They set a “buy” rating and a $11.00 target price for the company.

Iteris Company Profile

Iteris, Inc provides intelligent transportation systems technology solutions in North America, Europe, South America, and Asia. The company offers smart mobility infrastructure solutions include traveler information systems, transportation performance measurement software, traffic analytics software, transportation operations software, transportation-related data sets, advanced sensing devices, managed services, traffic engineering services, and mobility consulting services.