Telenav Inc (NASDAQ:TNAV) Just Reported Decreased Shorts

June 12, 2018 - By Stephen Andrade

Telenav, Inc. (NASDAQ:TNAV) Logo

Investors sentiment decreased to 1 in 2018 Q1. Its down 0.56, from 1.56 in 2017Q4. It worsened, as 10 investors sold Telenav, Inc. shares while 19 reduced holdings. 7 funds opened positions while 22 raised stakes. 17.67 million shares or 0.20% less from 17.70 million shares in 2017Q4 were reported.
The Minnesota-based Ameriprise has invested 0% in Telenav, Inc. (NASDAQ:TNAV). Equitec Specialists Limited Liability Corporation, a Illinois-based fund reported 1,800 shares. Ancora Lc accumulated 198,111 shares. Barclays Public Ltd accumulated 5,962 shares or 0% of the stock. Renaissance Technologies Limited Com owns 388,600 shares. Ameritas Inv Partners reported 2,354 shares. Panagora Asset Mngmt owns 26,854 shares for 0% of their portfolio. Rhumbline Advisers invested in 0% or 26,778 shares. Millennium Limited Liability Corporation reported 45,910 shares or 0% of all its holdings. Moreover, New York State Common Retirement Fund has 0% invested in Telenav, Inc. (NASDAQ:TNAV) for 418,605 shares. Morgan Stanley reported 68,615 shares. Arrowstreet Cap Partnership holds 0% or 54,085 shares. Deutsche National Bank & Trust Ag invested in 0% or 30,066 shares. Bnp Paribas Arbitrage Sa invested 0% of its portfolio in Telenav, Inc. (NASDAQ:TNAV). 2,464 were reported by Bank & Trust Of America De.

Since February 6, 2018, it had 2 insider purchases, and 0 insider sales for $163,827 activity.

The stock of Telenav Inc (NASDAQ:TNAV) registered a decrease of 5.75% in short interest. TNAV’s total short interest was 426,300 shares in June as published by FINRA. Its down 5.75% from 452,300 shares, reported previously. With 28,000 shares average volume, it will take short sellers 15 days to cover their TNAV’s short positions. The short interest to Telenav Inc’s float is 1.6%.

The stock increased 0.91% or $0.05 during the last trading session, reaching $5.55. About 50,408 shares traded or 0.41% up from the average. Telenav, Inc. (NASDAQ:TNAV) has declined 33.33% since June 12, 2017 and is downtrending. It has underperformed by 45.90% the S&P500.

Telenav, Inc., together with its subsidiaries provides connected car and location platform services in the United States and internationally. The company has market cap of $248.33 million. The firm operates through three divisions: Automotive, Advertising, and Mobile Navigation. It currently has negative earnings. It offers automotive navigation services, including on-board solutions, which consist of software, map, and points of interest data loaded in vehicles that provide voice-guided turn by turn navigation displayed on the vehicle screen; and mobile phone wireless connectivity and brought-in navigation services.

Telenav, Inc. (NASDAQ:TNAV) Ratings Coverage

Among 2 analysts covering Telenav (NASDAQ:TNAV), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Telenav had 2 analyst reports since December 20, 2017 according to SRatingsIntel. The rating was maintained by Craig Hallum on Thursday, December 21 with “Buy”.

Another recent and important Telenav, Inc. (NASDAQ:TNAV) news was published by Globenewswire.com which published an article titled: “Telenav to Present at B.Riley FBR Conference” on May 21, 2018.

Telenav, Inc. (NASDAQ:TNAV) Institutional Positions Chart

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