Mentor Graphics Corporation (MENT) : Traders are negative on Mentor Graphics Corporation (MENT), as it has 6.1% of short positions outstanding compared to its float. The total shorts have reduced by -174,188 shares, which is a -2.6% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,6,643,871 to 6,469,683 shares. While the daily trading volume of the stock is 522,713, there are 12 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Mentor Graphics Corporation (NASDAQ:MENT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.93 and $23.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.17, notching a gain of 1.05% for the day. The total traded volume was 2,791,965 . The stock had closed at $23.92 on the previous day.
In a related news, The director, of Mentor Graphics Corp, Barnes Keith had unloaded 2,982 shares at $21.79 per share in a transaction on June 20, 2016. The total value of transaction was $64,978. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Mentor Graphics Corporation is a supplier of electronic design automation (EDA) tools – computer software and emulation hardware systems used to automate the design, analysis and testing of complex electro-mechanical systems, electronic hardware and embedded systems software in electronic systems and components. The Companys products are used in the design and development of a diverse set of electronic products, including automotive electronics, computers and workstations, digital cameras, cellular telephones, medical devices, smart phones, industrial electronics and manufacturing systems. The Company segregated revenues into five categories of similar products and services: Scalable Verification, IC Design to Silicon, Integrated System Design, New and Emerging Products, and Services and Other.