InvenSense June 15th Short Interest Update

InvenSense (NYSE:INVN) has witnessed a drop of 7.1% or 735,552 shares in its short figure. The short interest diminution took it from 10,294,123 on May 31,2016 to 9,558,571 on June 15,2016. In terms of floated shares, the short interest was calculated to be 11.6%. The days to cover are 7 given that the daily volume averaged 1,392,087 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

InvenSense (NYSE:INVN): The stock opened at $6.11 on Friday but the bulls could not build on the opening and the stock topped out at $6.15 for the day. The stock traded down to $5.98 during the day, due to lack of any buying support eventually closed down at $6.00 with a loss of -6.25% for the day. The stock had closed at $6.40 on the previous day. The total traded volume was 3,914,948 shares.

The company shares have dropped -60.63% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $15.79 and the one year low was seen on May 16, 2016. The 50-Day Moving Average price is $6.19 and the 200 Day Moving Average price is recorded at $7.87.

InvenSense (NYSE:INVN) has tumbled 4.15% during the past week and has dropped 1.15% in the last 4 week period. The stocks have underperformed the S&P 500 by 2.56% during the past week but InvenSense (NYSE:INVN) it has outperformed the index in 4 weeks by 1.84%.

InvenSense, Inc. (InvenSense) is engaged in designing, developing, manufacturing and marketing devices and related software for sensor system-on-chip (SoC) for the motion and sound markets. The Company designs, develops, markets and sells sensor SoCs, including accelerometers, gyroscopes and microphones for the mobile, wearable, smart home, gaming, industrial and automotive market segments. The Companys motion solutions detect and track an objects motion in three-dimensional space. It assimilates information from gyroscopes, accelerometers, magnetometers, pressure sensors and microphones to determine how a host device is moving, its direction, its elevation and what it is hearing. The Companys sensor SoC devices consist of various fundamental components, such as its micro-electro-mechanical-systems (MEMS)-based motion sensors combined with its mixed-signal circuitry for signal processing; its MotionFusion technology, and the MotionApps platform.

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