Silicon Laboratories (SLAB) : Traders are negative on Silicon Laboratories (SLAB), as it has 2.2% of short positions outstanding compared to its float. The total shorts have reduced by -67,978 shares, which is a -7.1% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,962,402 to 894,424 shares. While the daily trading volume of the stock is 191,530, there are 5 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.
Silicon Laboratories (NASDAQ:SLAB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $55.63 and $55.42 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $56.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $56.24, notching a gain of 1.26% for the day. The total traded volume was 302,738 . The stock had closed at $55.54 on the previous day.
In a related news,The director of Silicon Laboratories Inc, Bock William G sold 3,000 shares at $54.16 on August 15, 2016. The Insider selling transaction had a total value worth of $162,480. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Silicon Laboratories Inc. designs and develops analog-intensive, mixed-signal integrated circuits for a range of applications. The Company provides analog-intensive, mixed-signal solutions for use in a variety of electronic products, including portable devices, amplitude modulation/frequency modulation radios and other consumer electronics, networking equipment, test and measurement equipment, industrial monitoring and control, home automation and customer premises equipment. Its products integrate mixed-signal functions performed by discrete components into a single chip. It offers products in three categories: Broad-based products, Broadcast products and Access products. The Broad-based products include microcontroller, wireless and sensor products, timing products, and power and isolation devices. Its Broadcast products include broadcast audio and video products. Its Access products include voice over internet protocol products, embedded modems and power over Ethernet devices.