Advanced Micro Devices (NASDAQ:AMD), A reduction of 7,681,713 shares or 8.4% was observed in the short interest of Advanced Micro Devices, Inc. The interest on June 15,2016 came in at 83,662,323 shares and as per the average daily trading of 19,442,966 shares, the days to cover are 4. The reduced interest is 12.9% of the floated shares. The data of May 31,2016 put the interest at 91,344,036 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Advanced Micro Devices (NASDAQ:AMD): The stock opened at $4.82 on Friday but the bulls could not build on the opening and the stock topped out at $5.07 for the day. The stock traded down to $4.76 during the day, due to lack of any buying support eventually closed down at $4.88 with a loss of -6.33% for the day. The stock had closed at $5.21 on the previous day. The total traded volume was 36,735,157 shares.
The company shares have rallied 108.55% from its 1 Year high price. On Jun 22, 2016, the shares registered one year high at $5.52 and the one year low was seen on Jul 27, 2015. The 50-Day Moving Average price is $4.31 and the 200 Day Moving Average price is recorded at $2.98.
Advanced Micro Devices (NASDAQ:AMD) has tumbled 7.22% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 6.09% in the last four weeks. The stocks have underperformed the S&P 500 by 5.68% during the past week but Advanced Micro Devices (NASDAQ:AMD) it has outperformed the index in 4 weeks by 9.3%.
Advanced Micro Devices, Inc. is a global semiconductor company with facilities across the world. The Company offers x86 microprocessors, as standalone devices or as incorporated as an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors, dense servers, semi-custom System-on-Chip (SoC) products and technology for game consoles. The Company operates in two segments: the Computing and Graphics segment, which includes desktop and notebook processors and chipsets, discrete GPUs and professional graphics, and the Enterprise, Embedded and Semi-Custom segment, which includes server and embedded processors, dense servers, semi-custom SoC products, engineering services and royalties. The Company sells its products through direct sales force and through independent distributors and sales representatives in both domestic and international markets.