Xilinx (NASDAQ:XLNX) has witnessed a drop of 11.1% or 1,313,634 shares in its short figure. The short interest diminution took it from 11,827,568 on May 31,2016 to 10,513,934 on June 15,2016. In terms of floated shares, the short interest was calculated to be 4.2%. The days to cover are 5 given that the daily volume averaged 2,137,912 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Xilinx (NASDAQ:XLNX): The stock opened at $45.71 on Friday but the bulls could not build on the opening and the stock topped out at $46.40 for the day. The stock traded down to $45.27 during the day, due to lack of any buying support eventually closed down at $45.31 with a loss of -4.49% for the day. The stock had closed at $47.44 on the previous day. The total traded volume was 3,328,251 shares.
The company shares have rallied 3.05% from its 1 Year high price. On Dec 2, 2015, the shares registered one year high at $50.72 and the one year low was seen on Aug 25, 2015. The 50-Day Moving Average price is $45.77 and the 200 Day Moving Average price is recorded at $46.50.
Xilinx (NASDAQ:XLNX) has tumbled 2.35% during the past week and has dropped 4.33% 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 0.73%. Xilinx (NASDAQ:XLNX) has underperformed the index by 1.43% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Xilinx, Inc. (Xilinx) designs and develops programmable devices and associated technologies. The Companys programmable devices and associated technologies include integrated circuits (IC) in the form of programmable logic devices (PLD); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx, and third-party verification and IP cores. The Company provides design services, customer training, field engineering and technical support. Its PLDs include field programmable gate arrays (FPGAs), complex programmable logic devices (CPLDs), programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs). Its product portfolio is designed to provide integration for electronic equipment manufacturers in end markets, such as wired and wireless communications, industrial, scientific and medical, aerospace and defense, audio, video and broadcast, consumer, automotive, and test and measurement.