Should You Worry About the Short Interest in InvenSense (INVN)? - Tale of the Tape

By Zacks Equity Research,

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Many investors appear to be quite bearish on InvenSense Inc ( INVN ), especially if you look at the percentage of the float that is sold short for this stock. Currently, 30.5% of the float is sold short, suggesting an extreme level of bearishness for INVN .

However, it is worth noting that earnings estimates have actually been moving higher for the company, despite the pessimism. Thanks to these rising estimates, we have a Zacks Rank #2 (Buy) on INVN, so we clearly don't believe in the negativity surrounding this firm, and are instead looking for shares of INVN to move higher in the weeks ahead.

INVENSENSE INC (INVN): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: INVN

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