Short Interest Update on MagnaChip Semiconductor Corporation (MX)

MagnaChip Semiconductor Corporation (MX) : The short interest in MagnaChip Semiconductor Corporation (MX) has changed with an increase of 72,136 shares and the open interest is 2.7%. From 2,637,114 short positions on Jul 29, 2016, the shorts increased to 2,709,250 shares by August 15, 2016. There are 5 more days left for the expiry and the daily trading volume of the stock is 587,885 shares. The total interest of shorts is 7.9% of the shares available to the public. The short interest information was released on Wednesday Aug 24th after the market close.

MagnaChip Semiconductor Corporation (NYSE:MX): The stock opened at $8.80 on Wednesday but the bulls could not build on the opening and the stock topped out at $8.94 for the day. The stock traded down to $8.35 during the day, due to lack of any buying support eventually closed down at $8.46 with a loss of -2.76% for the day. The stock had closed at $8.70 on the previous day. The total traded volume was 496,770 shares.


MagnaChip Semiconductor Corporation is a holding company, which is a designer and manufacturer of analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive and Internet of things (IoT) applications. The Company operates through three business lines: Display Solutions, Power Solutions and Semiconductor Manufacturing Services. Its Display Solutions products provide flat panel display solutions to suppliers of large and small flat panel display and include MagnaChip sensor products for mobile applications and industrial applications. The Companys Power Solutions products include modules and integrated circuit solutions for power management in consumer, computing, communication and industrial applications. Its Semiconductor Manufacturing Services provide analog and mixed-signal foundry services mainly for fabless and certain integrated device manufacturer (IDM) semiconductor companies.

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