Short Interest Update on EMCORE Corporation (EMKR)

EMCORE Corporation (EMKR) : The short interest in EMCORE Corporation (EMKR) has changed with an increase of 191,228 shares and the open interest is 32.7%. From 584,034 short positions on Jul 29, 2016, the shorts increased to 775,262 shares by August 15, 2016. There are 2 more days left for the expiry and the daily trading volume of the stock is 460,650 shares. The total interest of shorts is 3% of the shares available to the public. The short interest information was released on Wednesday Aug 24th after the market close.

EMCORE Corporation (NASDAQ:EMKR): The stock opened at $5.02 on Wednesday but the bulls could not build on the opening and the stock topped out at $5.07 for the day. The stock traded down to $4.98 during the day, due to lack of any buying support eventually closed down at $5.01 with a loss of -1.18% for the day. The stock had closed at $5.07 on the previous day. The total traded volume was 193,497 shares.


In a related news, Weinswig Mark, (Chief Financial Officer) of Emcore Corp, unloaded 4,800 shares at an average price of $5.08 on February 17, 2016. The total amount of the transaction was worth $24,384, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

EMCORE Corporation (EMCORE) offers a portfolio of compound semiconductor-based products for the broadband, fiber optics, space and solar power markets. The Company operates in two segments: Fiber Optics and Photovoltaics. EMCOREs Fiber Optics segment offers optical components, subsystems and systems for high-speed data and telecommunications, cable television (CATV) and fiber-to-the-premises (FTTP) networks as well as products for satellite communications, video transport and specialty photonics technologies for defense and homeland security applications. The Companys Photovoltaics segment provides products for space power applications, including multi-junction solar cells, coverglass interconnected cells, and complete satellite solar panels; and terrestrial applications, such as GaAs solar cells for concentration photovoltaic power systems.

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