InterDigital (IDCC) : Traders are getting increasingly bearish on InterDigital (IDCC), as can be seen in the addition of short positions from 1,851,244 on Jul 29, 2016, to 1,864,701 on August 15, 2016. The net change in shorts is 13,457 shares, an increase of 0.7%. 5 days remain before the expiry. The 5.5% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 412,962. The short interest information was released on Wednesday Aug 24th after the market close.
InterDigital (NASDAQ:IDCC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $69.10 and $68.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $69.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $69.46, notching a gain of 0.45% for the day. The total traded volume was 309,454 . The stock had closed at $69.15 on the previous day.
In a related news, The director, of Interdigital, Inc., Roath Robert S had unloaded 800 shares at $58.52 per share in a transaction on June 13, 2016. The total value of transaction was $46,816. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
InterDigital, Inc. (InterDigital) designs and develops advanced technologies for wireless communications. The Company has designed and developed a range of technologies that are used in digital cellular and wireless products and networks, including second generation (2G), third generation (3G), fourth generation (4G) and IEEE 802 related products and networks. The Company is engaged in developing cellular technologies, including those related to code division multiple access (CDMA) and time division multiple access (TDMA) and orthogonal frequency division multiplexing/ orthogonal frequency division multiple access (OFDM/OFDMA) and multiple input multiple output (MIMO). The Companys wireless background includes engineering and corporate development activities that focus on solutions that apply to other wireless market segments.