Cohu (COHU) : The conviction of the bears is waning as is visible by the drop in the short positions from Jul 29, 2016, to August 15, 2016. The total outstanding shorts decreased from 360,577 to 307,398 shares, with 3 days to go before the expiry. The short open interest has decreased by -14.8%, amounting to a reduction of -53,179 shares. Only a handful of traders believe that the stock has a large downside from current levels, as seen in the low short interest of 1.2% of the float of the company. The average daily volume of the stock is 102,405 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Cohu (NASDAQ:COHU): The stock opened at $10.70 on Wednesday but the bulls could not build on the opening and the stock topped out at $10.90 for the day. The stock traded down to $10.61 during the day, due to lack of any buying support eventually closed down at $10.72 with a loss of -0.19% for the day. The stock had closed at $10.74 on the previous day. The total traded volume was 64,865 shares.
Cohu, Inc. (Cohu) is a supplier of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors and thermal sub-systems for the global semiconductor industry. The Companys semiconductor equipment segment, which consists of Cohus Semiconductor Equipment Group (SEG), encompasses Cohus wholly owned subsidiaries, Delta Design, Inc. (Delta), which Rasco GmbH (Rasco) and Ismeca Semiconductor Holding SA (Ismeca). The Company, through its subsidiaries, develops, manufactures and sells pick-and-place semiconductor test handling equipment, thermal sub-systems, gravity-feed and test-in-strip semiconductor test handling equipment, MEMS test modules, turret-based test handling and back-end finishing equipment for integrated circuits, light emitting diodes and discrete components. The Companys SO1000 is a gravity-feed platform that provides a solution for testing up to four devices in parallel.