Cavium (NASDAQ:CAVM) encountered a rise of 1.9% or 139,566 shares in the short positions. The number escalated from 7,375,388 on May 31,2016 to 7,514,954 on June 15,2016. The final interest is 13.6% of the floated stock. The days to cover figure of 7 can be arrived using the average daily exchange of 1,154,237 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Cavium (NASDAQ:CAVM): The stock opened at $38.30 on Friday but the bulls could not build on the opening and the stock topped out at $39.34 for the day. The stock traded down to $37.17 during the day, due to lack of any buying support eventually closed down at $37.71 with a loss of -6.01% for the day. The stock had closed at $40.12 on the previous day. The total traded volume was 2,316,642 shares.
The company shares have dropped -45.03% from its 1 Year high price. On Aug 17, 2015, the shares registered one year high at $74.24 and the one year low was seen on Jun 24, 2016. The 50-Day Moving Average price is $46.20 and the 200 Day Moving Average price is recorded at $55.28.
Cavium (NASDAQ:CAVM) has tumbled 4.81% during the past week and has dropped 22.58% 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 3.23%. Cavium (NASDAQ:CAVM) has underperformed the index by 20.24% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Cavium, Inc. is a provider of semiconductor processors, which enable processing for wired and wireless networking, communications, storage, cloud, wireless, security, video and connected home and office applications. The Companys products include OCTEON, OCTEON Plus, OCTEON Fusion, OCTEON XL, LiquidIO, NITROX, NEURON Search and PureVu. The Companys OCTEON, OCTEON Plus, OCTEON II and OCTEON III Multi-core MIPS64 processor families provide data and security processing. The LiquidIO Server Adapter family is a server compliant half-height Peripheral Component Interconnect Express (PCI Express). The NITROX processor family offers security processors. The NEURON Search processor family targets a range of Layer 2 to Layer 4 network search applications in enterprise and service provider infrastructure equipment. The PureVu product family is an integrated media system on a chip (SoC). The Company also offers ThunderX, a multi-core SoC processor, and MontaVista software products.