Cypress Semiconductor Corporation (CY): Price Target and June Short Interest Disclosure

Cypress Semiconductor Corporation (CY) : 9 Wall Street analysts covering Cypress Semiconductor Corporation (CY) believe that the average level the stock could reach for the short term is $11.22. The maximum price target given is $15 and the minimum target for short term is around $9, hence the standard deviation is calculated at $1.72.

Cypress Semiconductor Corporation (CY) has shown a rise of 12.3% or 5,423,984 shares in the short positions. The bets have increased to 49,502,140 shares on June 30,2016 from 44,078,156 shares on June 15,2016. With respect to the floated shares, the shorts are 16.6%. The days to cover are calculated to be 4, using the standard per day volume of 13,674,094 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.


Cypress Semiconductor Corporation (NASDAQ:CY): stock turned positive on Thursday. Though the stock opened at $11.45, the bulls momentum made the stock top out at $11.65 level for the day. The stock recorded a low of $11.24 and closed the trading day at $11.26, in the green by 3.40%. The total traded volume for the day was 31,360,699. The stock had closed at $10.89 in the previous days trading.

Cypress Semiconductor Corporation is a provider of mixed-signal programmable solutions. The Companys offerings include PSoC 1, PSoC 3, PSoC 4 and PSoC 5LP programmable system-on-chip families. It caters to markets, including industrial, mobile handsets, consumer, computation, data communications, automotive and military. The Company operates in four segments: Programmable Systems Division, Memory Products Division, Data Communications Division and Emerging Technologies Division. The Programmable Solutions Division designs and develops solutions for end-product manufacturers. The Memory Products Division designs and manufactures SRAM products and non-volatile RAMs (random access memories). The Data Communications Division focuses on solutions for industrial, handset and consumer applications. The Emerging Technologies Division consists of the Companys subsidiaries, AgigA Tech, Inc. and Deca Technologies, Inc.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.