Pixelworks (PXLW) : Traders are getting increasingly bearish on Pixelworks (PXLW), as can be seen in the addition of short positions from 847,912 on Jul 29, 2016, to 910,591 on August 15, 2016. The net change in shorts is 62,679 shares, an increase of 7.4%. 3 days remain before the expiry. The 3.9% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 275,463. The short interest information was released on Wednesday Aug 24th after the market close.
Pixelworks (NASDAQ:PXLW): The stock opened at $3.21 on Wednesday but the bulls could not build on the opening and the stock topped out at $3.22 for the day. The stock traded down to $2.90 during the day, due to lack of any buying support eventually closed down at $2.97 with a loss of -8.05% for the day. The stock had closed at $3.23 on the previous day. The total traded volume was 233,275 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CFO of Pixelworks, Inc, Moore Steven L, had purchased 20,050 shares in a transaction dated on August 5, 2016. The transaction was executed at $2.47 per share with total amount equaling $49,524.
Pixelworks, Inc. designs, develops and markets video and pixel processing semiconductors, intellectual property cores, software and custom application specific integrated circuit (ASIC) solutions for digital video applications. The Companys products allow manufacturers and developers of digital display and projection devices to manufacture screens of all sizes. It provides its customers with software development tools and with software that provides basic functionality for its integrated circuits and enables connectivity of its customers products. Its products can be used in a range of devices from large flat panel displays to small low power mobile applications. Its products are designed to reduce overall system power requirements. Its primary target markets include digital projection systems, digital televisions, Ultrabook devices, tablets and smartphones. Its product categories include ImageProcessor integrated circuits (ICs), Video Co-Processor ICs and Networked Display ICs.