Integrated Device Technology (NASDAQ:IDTI) stated gains of 1,124,426 shares or 18.5% in the short interest. The short interest registered from 6,088,360 on May 31,2016 to 7,212,786 on June 15,2016. In terms of floated shares, the shorted positions stood at 5.6%. The stock has been averaging 1,965,822 shares daily in trading and would need 4 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Integrated Device Technology (NASDAQ:IDTI): The stock opened at $20.40 on Friday but the bulls could not build on the opening and the stock topped out at $20.74 for the day. The stock traded down to $19.69 during the day, due to lack of any buying support eventually closed down at $19.94 with a loss of -8.15% for the day. The stock had closed at $21.71 on the previous day. The total traded volume was 3,963,216 shares.
The company shares have dropped -6.91% from its 1 Year high price. On Dec 3, 2015, the shares registered one year high at $29.04 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $22.06 and the 200 Day Moving Average price is recorded at $21.89.
Integrated Device Technology (NASDAQ:IDTI) has tumbled 8.32% during the past week and has dropped 14.13% 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 6.8%. Integrated Device Technology (NASDAQ:IDTI) has underperformed the index by 11.53% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Integrated Device Technology, Inc. (IDT) is a developer of mixed-signal semiconductor solutions. The Company offers semiconductors for communications infrastructure in both wired and wireless. It designs, develops, manufactures and markets a range of semiconductor. It operates in two segments: the Communications segment and the Computing and Consumer segment. Its Communications segment includes clock and timing solutions, flow-control management devices, including Serial RapidIO switching solutions and radio frequency (RF) products. Its Computing and Consumer segment includes clock generation and distribution products, server memory interface products, PCI Express switching solutions, power management solutions and signal integrity products. It offers communications timing products, serial rapidIO solutions, RF products, consumer and computing timing products, memory interface products, PCI express switching solutions, power management solutions and signal integrity products.