QuickLogic Corporation (QUIK) : Traders are negative on QuickLogic Corporation (QUIK), as it has 2.8% of short positions outstanding compared to its float. The total shorts have reduced by -189,599 shares, which is a -9.4% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,2,025,683 to 1,836,084 shares. While the daily trading volume of the stock is 104,801, there are 18 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.
QuickLogic Corporation (NASDAQ:QUIK): The stock opened at $0.89 on Wednesday but the bulls could not build on the opening and the stock topped out at $0.90 for the day. The stock traded down to $0.87 during the day, due to lack of any buying support eventually closed down at $0.87 with a loss of -3.25% for the day. The stock had closed at $0.90 on the previous day. The total traded volume was 195,106 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (VP WW Marketing) of Quicklogic Corporation, Faith Brian C, had purchased 10,000 shares in a transaction dated on March 21, 2016. The transaction was executed at $1 per share with total amount equaling $10,000.
QuickLogic Corporation develops and markets semiconductor and software algorithm solutions. The Company is a fabless semiconductor company that designs, markets, and supports primarily customer specific standard products (CSSPs), and field programmable gate arrays (FPGAs), sensor software algorithms, software drivers, associated design software and programming hardware. The Companys CSSPs are customized semiconductor solutions created from the solution platforms, including the ArcticLink III, ArcticLink II, ArcticLink, PolarPro 3, PolarPro II, PolarPro and Eclipse II products; the mature products primarily include the pASIC 3, QuickRAM and QuickPCI products, as well as royalty revenue, programming hardware and design software. The Companys product technology consists of primarily five elements: programmable logic; ArcticLink solution platform; proven system blocks (PSBs); sensor software algorithms, and a customer engagement model.