Linear Technology Corporation June 15th Short Interest Update

The short interest in Linear Technology Corporation (NASDAQ:LLTC) has increased from 8,237,204 on May 31,2016 to 8,563,319 on June 15,2016. The change was measured at 326,115 shares or 4%. The leftover shorts were 3.6% of the floated shares. The days to cover are 6, given the average daily volume of 1,516,260 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Linear Technology Corporation (NASDAQ:LLTC): The stock opened at $45.86 on Friday but the bulls could not build on the opening and the stock topped out at $46.70 for the day. The stock traded down to $45.29 during the day, due to lack of any buying support eventually closed down at $45.52 with a loss of -4.49% for the day. The stock had closed at $47.66 on the previous day. The total traded volume was 5,332,306 shares.

The company shares have rallied 2.64% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $47.89 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $46.27 and the 200 Day Moving Average price is recorded at $43.93.

Linear Technology Corporation (NASDAQ:LLTC) has tumbled 1.37% during the past week and has dropped 3.5% in the last 4 week period. The company has outperformed the S&P 500 by 0.27% in the past week but underperformed the index by 0.58% in the last 4 weeks.

Linear Technology Corporation (Linear Technology) is engaged in designing, manufacturing and marketing a line of high performance analog integrated circuits for companies across the world. Linear Technology produces power management, data conversion, signal conditioning, RF and interface ICs, Module subsystems, and wireless sensor network products. The Company produces a range of products for a variety of customers and markets. The Companys SmartMesh IP and SmartMesh WirelessHART technology offers wireless network based solutions using low power electronic components, board level products with mesh networking and software addressing high level applications such as industrial process automation, data center energy management, building energy management, renewable energy monitoring, and transportation management systems.

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