Mentor Graphics Corporation (NASDAQ:MENT), A increase of 180,451 shares or 2.8% was observed in the short interest of Mentor Graphics Corporation The interest on June 15,2016 came in at 6,526,034 shares and as per the average daily trading of 1,405,215 shares, the days to cover are 5. The increased interest is 6.2% of the floated shares. The data of May 31,2016 put the interest at 6,345,583 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Mentor Graphics Corporation (NASDAQ:MENT): The stock opened at $21.09 on Friday but the bulls could not build on the opening and the stock topped out at $21.54 for the day. The stock traded down to $21.07 during the day, due to lack of any buying support eventually closed down at $21.07 with a loss of -4.53% for the day. The stock had closed at $22.07 on the previous day. The total traded volume was 3,441,234 shares.
The company shares have dropped -19.18% from its 1 Year high price. On Nov 11, 2015, the shares registered one year high at $28.09 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $21.12 and the 200 Day Moving Average price is recorded at $19.34.
Mentor Graphics Corporation (NASDAQ:MENT) has tumbled 2.36% during the past week and has dropped 2.14% in the last 4 week period. The stocks have underperformed the S&P 500 by 0.74% during the past week but Mentor Graphics Corporation (NASDAQ:MENT) it has outperformed the index in 4 weeks by 0.82%.
Mentor Graphics Corporation is a supplier of electronic design automation (EDA) tools – computer software and emulation hardware systems used to automate the design, analysis and testing of complex electro-mechanical systems, electronic hardware and embedded systems software in electronic systems and components. The Companys products are used in the design and development of a diverse set of electronic products, including automotive electronics, computers and workstations, digital cameras, cellular telephones, medical devices, smart phones, industrial electronics and manufacturing systems. The Company segregated revenues into five categories of similar products and services: Scalable Verification, IC Design to Silicon, Integrated System Design, New and Emerging Products, and Services and Other.