Cypress Semiconductor Corporation (NASDAQ:CY), A drop of 1,559,403 shares or 3.4% was seen in the short interest of Cypress Semiconductor Corporation. Even as the interest dropped from 45,637,559 shares on May 31,2016 to 44,078,156 shares on June 15,2016, the days to cover came in at 6. The updated interest stood at 14.8% of the stocks floats. The stock has seen an average daily volume of 7,402,709 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Cypress Semiconductor Corporation (NASDAQ:CY): The stock opened at $10.00 on Friday but the bulls could not build on the opening and the stock topped out at $10.23 for the day. The stock traded down to $9.92 during the day, due to lack of any buying support eventually closed down at $10.10 with a loss of -3.72% for the day. The stock had closed at $10.49 on the previous day. The total traded volume was 11,298,738 shares.
The company shares have dropped -12.63% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $12.46 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $10.13 and the 200 Day Moving Average price is recorded at $8.92.
Cypress Semiconductor Corporation (NASDAQ:CY) has tumbled 4.9% during the past week and has dropped 1.56% in the last 4 week period. The stocks have underperformed the S&P 500 by 3.32% during the past week but Cypress Semiconductor Corporation (NASDAQ:CY) it has outperformed the index in 4 weeks by 1.42%.
Cypress Semiconductor Corporation is a provider of mixed-signal programmable solutions. The Companys offerings include PSoC 1, PSoC 3, PSoC 4 and PSoC 5LP programmable system-on-chip families. It caters to markets, including industrial, mobile handsets, consumer, computation, data communications, automotive and military. The Company operates in four segments: Programmable Systems Division, Memory Products Division, Data Communications Division and Emerging Technologies Division. The Programmable Solutions Division designs and develops solutions for end-product manufacturers. The Memory Products Division designs and manufactures SRAM products and non-volatile RAMs (random access memories). The Data Communications Division focuses on solutions for industrial, handset and consumer applications. The Emerging Technologies Division consists of the Companys subsidiaries, AgigA Tech, Inc. and Deca Technologies, Inc.