iPass Inc. (NASDAQ:IPAS) was the recipient of a large decrease in short interest in the month of December. As of December 29th, there was short interest totalling 825,607 shares, a decrease of 43.6% from the December 15th total of 1,463,320 shares. Currently, 1.4% of the company’s stock are short sold. Based on an average daily volume of 711,948 shares, the short-interest ratio is currently 1.2 days.
Shares of iPass (IPAS) opened at $0.46 on Thursday. iPass has a 12-month low of $0.44 and a 12-month high of $1.63. The firm has a market cap of $30.70, a price-to-earnings ratio of -1.70 and a beta of -0.34.
iPass (NASDAQ:IPAS) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.05). iPass had a negative net margin of 30.66% and a negative return on equity of 149.50%. analysts predict that iPass will post -0.29 EPS for the current year.
A number of analysts recently weighed in on IPAS shares. Zacks Investment Research raised shares of iPass from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Roth Capital started coverage on shares of iPass in a research report on Wednesday. They set a “buy” rating and a $2.00 price target for the company. Finally, Maxim Group reaffirmed a “buy” rating and set a $2.00 price target on shares of iPass in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $2.22.
iPass Inc (iPass), is a provider of global mobile connectivity, offering wireless fidelity (Wi-Fi) on mobile devices. The Company, through its Mobile Connectivity Services segment, offers a cloud-based solution allowing its customers and their users’ access to its global Wi-Fi network to stay connected to the people and information.
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