Maxim Integrated Products (NASDAQ:MXIM), According to the latest information the short interest in Maxim Integrated Products, Inc. plummeted by 3.5% or 154,751 shares. The final shorts are 1.5% of the total floated shares. The positions dropped from 4,424,553 shares on May 31,2016 to 4,269,802 on June 15,2016. According to the per-day average trading of 1,542,660 shares, the days to cover are 3. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Maxim Integrated Products (NASDAQ:MXIM): The stock opened at $36.13 on Friday but the bulls could not build on the opening and the stock topped out at $36.94 for the day. The stock traded down to $35.06 during the day, due to lack of any buying support eventually closed down at $35.10 with a loss of -7.36% for the day. The stock had closed at $37.89 on the previous day. The total traded volume was 8,255,594 shares.
The company shares have rallied 2.09% from its 1 Year high price. On Oct 28, 2015, the shares registered one year high at $42.18 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $36.97 and the 200 Day Moving Average price is recorded at $35.49.
Maxim Integrated Products (NASDAQ:MXIM) has tumbled 3.65% during the past week and has dropped 6.87% 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 2.05%. Maxim Integrated Products (NASDAQ:MXIM) has underperformed the index by 4.05% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Maxim Integrated Products, Inc. is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The Company also provides a range of high-frequency process technologies and capabilities for use in custom designs. The Companys products include switching regulators, charge pumps, linear regulators, light-emitting diode drivers, power switching, transceivers, level translators, broadband switches, current loop products, real-time clocks, data loggers and microcontrollers. The Company serves markets, including communications and data center, computing and consumer markets. Its communications and data center caters to base stations, data storage, servers, telecommunications and other communications. Its computing caters to desktop computers, notebook computers and peripherals. Its consumer products cater to smartphones, digital cameras, handheld computers, home entertainment and appliances.