Microsemi Corporation June 15th Short Interest Update

Microsemi Corporation (NASDAQ:MSCC) reported a rise of 2.5% or 223,147 shares in its short interest. The short figure came in at 8.1% of the total floats. The average daily volume of 834,158 shares suggests that the days to cover 9,110,415 short positions, as on June 15,2016, will be 11. On May 31,2016, the short interest was 8,887,268 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Microsemi Corporation (NASDAQ:MSCC): The stock opened at $32.50 on Friday but the bulls could not build on the opening and the stock topped out at $33.16 for the day. The stock traded down to $31.69 during the day, due to lack of any buying support eventually closed down at $31.75 with a loss of -7.46% for the day. The stock had closed at $34.31 on the previous day. The total traded volume was 2,332,019 shares.

The company shares have dropped -9.44% from its 1 Year high price. On Nov 6, 2015, the shares registered one year high at $39.56 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $33.03 and the 200 Day Moving Average price is recorded at $33.73.

Microsemi Corporation (NASDAQ:MSCC) has tumbled 3.41% during the past week and has dropped 5.2% 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 1.8%. Microsemi Corporation (NASDAQ:MSCC) has underperformed the index by 2.33% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Microsemi Corporation (Microsemi) is a designer, manufacturer and marketer of high-performance analog and mixed-signal semiconductor solutions. Microsemis products include high-performance and radiation-hardened analog mixed-signal integrated circuits (ICs), field programmable gate arrays (FPGAs), system on chip solutions (SoCs) and application-specific integrated circuits (ASICs); power management products; timing and synchronization devices and precise time solutions; voice processing devices; radio frequency (RF) solutions; discrete components; security technologies and scalable anti-tamper products; Power-over-Ethernet (PoE) ICs and midspans. The principal end markets that its serves include aerospace, communications, defense and security, and industrial. Its products are found in various applications, such as communications infrastructure systems; military and commercial satellites and aircrafts, oil field equipment, and airport security systems.

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