Rambus (RMBS) : 20 days before expiry, shorts in Rambus (RMBS) have reduced from 8,486,718 on Jul 29, 2016, to 8,272,000 on August 15, 2016. On an average, 409,352 shares are traded on the exchange. The outstanding bearish positions are equal to 7.6% of the float. Short sellers have covered -214,718 shares, a reduction of -2.5%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Rambus (NASDAQ:RMBS): The stock opened at $13.82 on Wednesday but the bulls could not build on the opening and the stock topped out at $13.88 for the day. The stock traded down to $13.67 during the day, due to lack of any buying support eventually closed down at $13.71 with a loss of -0.51% for the day. The stock had closed at $13.78 on the previous day. The total traded volume was 488,317 shares.
In a related news, Stark Laura, officer (SVP, GM ESD) of Rambus Inc, unloaded 6,753 shares at an average price of $13.58 on August 8, 2016. The total amount of the transaction was worth $91,706, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Rambus Inc. is a technology solutions company. The Companys technology portfolio addresses the evolving power, performance and security requirements of the mobile, cloud computing and connected device markets. It offers solutions in memory, chip interfaces and architectures, security and advanced light emitting diode (LED) lighting. The Company has four operational units: Memory and Interfaces Division (MID), which focuses on the design, development and licensing of technology that is related to memory and interfaces; Cryptography Research Division (CRD), which focuses on the design, development and licensing of technologies for chip and system security and anti-counterfeiting; Emerging Solutions Division (ESD), which includes the Companys computational sensing and imaging group along with its development efforts in the area of emerging technologies, and Lighting and Display Technologies (LDT), which focuses on the design, development and licensing of technologies for lighting.