Qorvo June 15th Short Interest Update

Qorvo (NASDAQ:QRVO) has shown a rise of 0.2% or 13,908 shares in the short positions. The bets have increased to 7,371,022 shares on June 15,2016 from 7,357,114 shares on May 31,2016. With respect to the floated shares, the shorts are 5.4%. The days to cover are calculated to be 4, using the standard per day volume of 1,658,746 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Qorvo (NASDAQ:QRVO): The stock opened at $56.20 on Friday but the bulls could not build on the opening and the stock topped out at $56.99 for the day. The stock traded down to $54.09 during the day, due to lack of any buying support eventually closed down at $54.94 with a loss of -5.73% for the day. The stock had closed at $58.28 on the previous day. The total traded volume was 4,327,058 shares.

The company shares have dropped -30.51% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $82.25 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $51.52 and the 200 Day Moving Average price is recorded at $47.50.

Qorvo (NASDAQ:QRVO) has climbed 0.81% in the past week and advanced 8.73% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.48% and the outperformance has advanced to 12.02% for the last 4 weeks period.

Qorvo, Inc. provides core technologies and radio frequency (RF) solutions for mobile, infrastructure and defense and aerospace applications. The Company offers amplification, filtering and switching products for RF, microwave and millimeter-wave applications. It serves the mobile device, networks infrastructure and defense and aerospace markets. It designs, develops, manufactures and markets its products to the United States and international original equipment manufacturers and original design manufacturers. Its operating segments include Mobile Products (MP) and Infrastructure and Defense Products (IDP). The MP segment supplies RF solutions that perform various functions in the complex cellular radio front end section of smartphones and other cellular devices. The IDP segment supplies an array of RF solutions to wireless network infrastructure, defense and aerospace markets and short-range connectivity applications for commercial, consumer, industrial and automotive markets.

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