Skyworks Solutions (NASDAQ:SWKS), According to the latest information the short interest in Skyworks Solutions, Inc. plummeted by 0.4% or 40,869 shares. The final shorts are 5.4% of the total floated shares. The positions dropped from 10,312,966 shares on May 31,2016 to 10,272,097 on June 15,2016. According to the per-day average trading of 2,212,593 shares, the days to cover are 5. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Skyworks Solutions (NASDAQ:SWKS): The stock opened at $64.00 on Friday but the bulls could not build on the opening and the stock topped out at $65.09 for the day. The stock traded down to $61.37 during the day, due to lack of any buying support eventually closed down at $61.61 with a loss of -8.33% for the day. The stock had closed at $67.21 on the previous day. The total traded volume was 3,913,497 shares.
The company shares have dropped -39.62% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $106.74 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $65.20 and the 200 Day Moving Average price is recorded at $69.59.
Skyworks Solutions (NASDAQ:SWKS) has tumbled 3.69% during the past week and has dropped 7.35% 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 2.09%. Skyworks Solutions (NASDAQ:SWKS) has underperformed the index by 4.55% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Skyworks Solutions Inc. is engaged in the production of analog semiconductors. The Company supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Companys portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency (RF) subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics. The Companys products include Front-end Modules and Amplifiers, Wireless Infrastructure, Power Management, Precision Analog Components, WiFi Connectivity, and Smart Energy.