Rambus June 15th Short Interest Update

The short interest in Rambus (NASDAQ:RMBS) has declined from 9,179,791 on May 31,2016 to 9,105,223 on June 15,2016. The change was measured at 74,568 shares or 0.8%. The leftover shorts were 8.4% of the floated shares. The days to cover are 26, given the average daily volume of 355,636 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Rambus (NASDAQ:RMBS): The stock opened at $11.77 on Friday but the bulls could not build on the opening and the stock topped out at $12.18 for the day. The stock traded down to $11.65 during the day, due to lack of any buying support eventually closed down at $11.77 with a loss of -4.07% for the day. The stock had closed at $12.27 on the previous day. The total traded volume was 3,437,137 shares.

The company shares have dropped -19.38% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $15.16 and the one year low was seen on Oct 20, 2015. The 50-Day Moving Average price is $11.87 and the 200 Day Moving Average price is recorded at $12.24.

Rambus (NASDAQ:RMBS) has tumbled 1.18% during the past week and has dropped 1.59% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 0.46% and the outperformance has advanced to 1.39% for the last 4 weeks period.

Rambus Inc. is a technology solutions company. The Companys technology portfolio addresses the evolving power, performance and security requirements of the mobile, cloud computing and connected device markets. It offers solutions in memory, chip interfaces and architectures, security and advanced light emitting diode (LED) lighting. The Company has four operational units: Memory and Interfaces Division (MID), which focuses on the design, development and licensing of technology that is related to memory and interfaces; Cryptography Research Division (CRD), which focuses on the design, development and licensing of technologies for chip and system security and anti-counterfeiting; Emerging Solutions Division (ESD), which includes the Companys computational sensing and imaging group along with its development efforts in the area of emerging technologies, and Lighting and Display Technologies (LDT), which focuses on the design, development and licensing of technologies for lighting.

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