Short Interest Update on Immersion Corporation (IMMR)

Immersion Corporation (IMMR) : The short interest in Immersion Corporation (IMMR) has changed with an increase of 369,501 shares and the open interest is 10.8%. From 3,414,874 short positions on Jul 29, 2016, the shorts increased to 3,784,375 shares by August 15, 2016. There are 10 more days left for the expiry and the daily trading volume of the stock is 384,276 shares. The total interest of shorts is 13.3% of the shares available to the public. The short interest information was released on Wednesday Aug 24th after the market close.

Immersion Corporation (NASDAQ:IMMR): The stock opened at $7.26 on Wednesday but the bulls could not build on the opening and the stock topped out at $7.33 for the day. The stock traded down to $7.20 during the day, due to lack of any buying support eventually closed down at $7.27 with a loss of -0.14% for the day. The stock had closed at $7.28 on the previous day. The total traded volume was 177,566 shares.


In a related news, Sundaram Mahesh, officer (VP, Worldwide OEM Sales) of Immersion Corp, unloaded 10,329 shares at an average price of $7 on June 21, 2016. The total amount of the transaction was worth $72,303, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Immersion Corporation is an intellectual property (IP) and software licensing company focused on the creation, design, development and licensing of haptic innovations and software that allow people to use their sense of touch more when operating a range of digital devices. The Company is focusing its marketing and business development activities on the following markets: mobile devices, wearables, consumer, mobile entertainment and other content; console gaming; automotive; medical, and commercial. In the target markets, it licenses the software and IP to manufacturers for use in products sold under their own brand names. It has software licenses for TouchSense, TouchSense 1000, TouchSense 2000, TouchSense Core, Integrator and TouchSense Engage. It offers patent licenses in Basic Haptics and Force Feedback. It also offers Turn-key Engineering and Integration Services, Design Kits for Prototyping, Authoring Tools, Application Programming Interfaces and Platform Independent Solutions.

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