Tower Semiconductor Ltd. (TSEM) : 3 days before expiry, shorts in Tower Semiconductor Ltd. (TSEM) have reduced from 2,072,452 on Jul 29, 2016, to 2,057,720 on August 15, 2016. On an average, 757,032 shares are traded on the exchange. The outstanding bearish positions are equal to 3.3% of the float. Short sellers have covered -14,732 shares, a reduction of -0.7%, 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.
Tower Semiconductor Ltd. (NASDAQ:TSEM): The stock opened at $15.62 on Wednesday but the bulls could not build on the opening and the stock topped out at $15.63 for the day. The stock traded down to $15.32 during the day, due to lack of any buying support eventually closed down at $15.37 with a loss of -0.52% for the day. The stock had closed at $15.45 on the previous day. The total traded volume was 569,707 shares.
Tower Semiconductor Ltd. operates as an independent semiconductor foundry focused primarily on specialty process technologies. The Company focuses on producing integrated circuits (ICs) based on the design specifications of its customers. It manufactures semiconductors for its customers primarily based on third-party designs. It offers the process manufacture geometries of 0.35, 0.50, 0.55, 0.60, 0.80-micron and above on 150 millimeter wafers and 0.35, 0.18. 0.16, 0.13 and 0.11-micron on 200 millimeter wafers and 65 nanometer and 45 nanometer on 300 millimeter wafers. It also provides design support and complementary technical services. Its ICs are incorporated into a range of products in markets, including consumer electronics, personal computers, communications, automotive, industrial and medical device products.