FormFactor (FORM) : Traders are negative on FormFactor (FORM), as it has 3.6% of short positions outstanding compared to its float. The total shorts have reduced by -89,812 shares, which is a -3.5% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,2,585,493 to 2,495,681 shares. While the daily trading volume of the stock is 694,130, there are 4 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
FormFactor (NASDAQ:FORM): The stock opened at $10.58 on Wednesday but the bulls could not build on the opening and the stock topped out at $10.64 for the day. The stock traded down to $10.40 during the day, due to lack of any buying support eventually closed down at $10.41 with a loss of -2.07% for the day. The stock had closed at $10.63 on the previous day. The total traded volume was 351,132 shares.
In a related news, Link Raymond A, director of Formfactor Inc, executed a transaction worth $20,040 on August 10, 2016. A total of 2,000 shares were purchased at an average price of $10.02. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
FormFactor, Inc. designs, develops, manufactures, sells and supports semiconductor probe card products. The Company is the supplier of probe cards to manufacturers of DRAM, Flash and SoCs products across the world. Semiconductor manufacturers use its probe cards to perform wafer test (also known as wafer sort), which is the testing of the semiconductor die, or chips. Its products are based on its technologies, including its micro-electromechanical systems (MEMS) technologies, its automation systems, its various product architectures and its design tools. The applications of these products include customer collaboration, consumer integrated circuits (ICs), mobile ICs, automative ICs, computing ICs and publications. The Company operates under the brands FormFactor, the FormFactor logo, Apollo, ATRE, DC-Boost, Matrix, MicroProbe, the MicroProbe logo, MicroSpring, Mx-FinePitch, OneTouch, QiLin, RapidSoak, SmartMatrix, SMART Matrix 100, TouchMatrix, Takumi and TrueScale Lite, among others.