MaxLinear Inc June 15th Short Interest Update

MaxLinear Inc (NYSE:MXL) stated loss of 495,530 shares or 14.3% in the short interest. The short interest registered from 3,463,089 on May 31,2016 to 2,967,559 on June 15,2016. In terms of floated shares, the shorted positions stood at 5.4%. The stock has been averaging 928,537 shares daily in trading and would need 3 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

MaxLinear Inc (NYSE:MXL): The stock opened at $18.70 on Friday but the bulls could not build on the opening and the stock topped out at $18.77 for the day. The stock traded down to $18.01 during the day, due to lack of any buying support eventually closed down at $18.09 with a loss of -6.75% for the day. The stock had closed at $19.40 on the previous day. The total traded volume was 1,950,051 shares.

The company shares have rallied 49.50% from its 1 Year high price. On Jun 7, 2016, the shares registered one year high at $20.98 and the one year low was seen on Aug 11, 2015. The 50-Day Moving Average price is $19.47 and the 200 Day Moving Average price is recorded at $17.03.

MaxLinear Inc (NYSE:MXL) has tumbled 5.98% during the past week and has dropped 10.76% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 4.42%. MaxLinear Inc (NYSE:MXL) has underperformed the index by 8.05% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

MaxLinear, Inc. is a provider of integrated, radio-frequency (RF) and mixed-signal integrated circuits for broadband communications and data center, metro, and long-haul transport network applications. The Company offers semiconductor products, such as RF Receivers, RF Receiver systems-on-chip (SoCs), Laser Modulator Drivers, Transimpedance Amplifiers, and Clock and Data Recovery Circuits. The Companys products receive and process RF and digital signals and enable the display of broadband video and data content in a range of electronic devices, including cable and terrestrial and satellite set top boxes, data over cable service interface specification (DOCSIS) data and voice gateways, hybrid analog and digital televisions, satellite low-noise blocker transponders or outdoor units, and optical modules for data center, metro, and long-haul transport network applications.

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