Micron Technology June 15th Short Interest Update

Micron Technology (NASDAQ:MU), A rise of 1,211,195 shares or 1.9% was seen in the short interest of Micron Technology, Inc.. Even as the interest increased from 62,482,430 shares on May 31,2016 to 63,693,625 shares on June 15,2016, the days to cover came in at 3. The updated interest stood at 6.2% of the stocks floats. The stock has seen an average daily volume of 24,243,267 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Micron Technology (NASDAQ:MU): The stock opened at $13.50 on Friday but the bulls could not build on the opening and the stock topped out at $13.85 for the day. The stock traded down to $13.13 during the day, due to lack of any buying support eventually closed down at $13.21 with a loss of -5.98% for the day. The stock had closed at $14.05 on the previous day. The total traded volume was 77,486,062 shares.

The company shares have dropped -29.47% from its 1 Year high price. On Jul 29, 2015, the shares registered one year high at $20.57 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $11.66 and the 200 Day Moving Average price is recorded at $11.59.

Micron Technology (NASDAQ:MU) has climbed 8.28% in the past week and advanced 7.31% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 10.08% and the outperformance has advanced to 10.56% for the last 4 weeks period.

Micron Technology, Inc. is a global provider of semiconductor devices. Through the Companys global operations, it manufactures and markets a full range of Dynamic Random Access Memory (DRAM), NAND Flash and NOR Flash memory, as well as other memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, automotive, industrial, embedded and mobile products. The Company operates in four segments: Compute and Networking Business Unit (CNBU), which includes DRAM and NOR Flash products; Mobile Business Unit (MBU), which includes DRAM, NAND Flash and NOR Flash products; Storage Business Unit (SBU), which includes NAND Flash components and Solid-State Drives (SSDs), cloud and removable storage markets. SBU also includes NAND Flash products, and Embedded Business Unit (EBU), which includes DRAM, NAND Flash and NOR Flash products.

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