Neonode

NEON

Neonode Inc (NASDAQ: NEON) is a publicly traded company, headquartered in Stockholm, Sweden and established in 2001. The company provides optical sensing solutions for touch, gesture control, and remote sensing. Neonode technology is currently deployed in more than 73 million products and the company holds more than 120 patents worldwide. Neonode’s customer base includes Fortune 500 companies in the consumer electronics, office equipment, medical, avionics, and automotive industries.Neonode operates in three business areas: HMI Solutions, HMI Products and Remote Sensing Solutions. In HMI Solutions, Neonode offers customized optical touch and gesture control solutions. In HMI Products, Neonode provides plug-and-play sensor modules that enable touch on any surface, in-air touch, and gesture control. In Remote Sensing Solutions, Neonode offers a software platform for driver and cabin monitoring.

Neonode has been a target of short sellers for a while. The current short interest of 2.17% is slightly below the average of the last 12 months (4.40%).