Analog Devices (NASDAQ:ADI), According to the latest information the short interest in Analog Devices, Inc. plummeted by 7.8% or 271,619 shares. The final shorts are 1% of the total floated shares. The positions dropped from 3,476,869 shares on May 31,2016 to 3,205,250 on June 15,2016. According to the per-day average trading of 1,919,854 shares, the days to cover are 2. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Analog Devices (NASDAQ:ADI): The stock opened at $54.91 on Friday but the bulls could not build on the opening and the stock topped out at $56.37 for the day. The stock traded down to $54.75 during the day, due to lack of any buying support eventually closed down at $55.04 with a loss of -5.28% for the day. The stock had closed at $58.11 on the previous day. The total traded volume was 8,489,950 shares.
The company shares have dropped -13.99% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $66.28 and the one year low was seen on Jan 15, 2016. The 50-Day Moving Average price is $56.84 and the 200 Day Moving Average price is recorded at $55.55.
Analog Devices (NASDAQ:ADI) has tumbled 1.7% during the past week and has dropped 5.82% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.07%. Analog Devices (NASDAQ:ADI) has underperformed the index by 2.97% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Analog Devices, Inc. is engaged in the design, manufacture and marketing of high-performance analog, mixed-signal and digital signal processing integrated circuits (ICs). The Company is focused on solving the engineering challenges associated with signal processing in electronic equipment. The Companys produces a wide range of products including data converters, amplifiers and linear products, radio frequency (RF) ICs, power management products, sensors based on micro-electro mechanical systems (MEMS) technology and other sensors, and processing products, including DSP and other processors that are designed to meet the needs of a broad base of customers. The Company focuses on strategic markets where its signal processing technology is often a critical differentiator in its customers products, in the industrial, automotive, consumer and communications markets.