Short Interest Update on M/A-COM Technology Solutions Holdings (MTSI)

M/A-COM Technology Solutions Holdings (MTSI) : The bears are holding on to their shorts in Accenture Plc with 23 more days remaining for them to cover their positions. The bearish positions have increased from 6,625,799 on Jul 29, 2016, to 6,645,524, on August 15, 2016. Daily, 286,678 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 19,725 shares, which is an increase of just 0.3%. The total short interest of 21.2% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.

M/A-COM Technology Solutions Holdings (NASDAQ:MTSI): The stock opened at $42.38 on Wednesday but the bulls could not build on the opening and the stock topped out at $42.99 for the day. The stock traded down to $42.14 during the day, due to lack of any buying support eventually closed down at $42.17 with a loss of -0.43% for the day. The stock had closed at $42.35 on the previous day. The total traded volume was 427,977 shares.


In a related news,The director officer (President and CEO) of Macom Technology Solutions Holdings, Inc., Croteau John sold 2,000 shares at $39.78 on August 1, 2016. The Insider selling transaction had a total value worth of $79,560. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

M/A-COM Technology Solutions Holdings, Inc. is a supplier of analog semiconductor solutions for use in wireless and wireline applications across the radio microwave and millimeter wave spectrum. The Companys semiconductor products are electronic components which includes point-to-point wireless backhaul radios, radar, automobile navigation systems, digital cable television (CATV) set-top boxes, magnetic resonance imaging systems and unmanned aerial vehicles. The Company operates in four markets: Networks, which includes CATV, cellular backhaul, cellular infrastructure and fiber optic applications; Aerospace and Defense; Automotive, which includes global positioning system modules sold to the automotive industry; and Multi-market, which includes industrial, medical, mobile communications and scientific applications. The Company serves systems manufacturers, OEMs, contract manufacturers and distributors.

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