ON Semiconductor Corporation June 15th Short Interest Update

The short interest in ON Semiconductor Corporation (NASDAQ:ON) has increased from 10,185,134 on May 31,2016 to 11,308,755 on June 15,2016. The change was measured at 1,123,621 shares or 11%. The leftover shorts were 2.8% of the floated shares. The days to cover are 2, given the average daily volume of 5,199,197 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

ON Semiconductor Corporation (NASDAQ:ON): The stock opened at $9.39 on Friday but the bulls could not build on the opening and the stock topped out at $9.58 for the day. The stock traded down to $8.99 during the day, due to lack of any buying support eventually closed down at $9.09 with a loss of -7.90% for the day. The stock had closed at $9.87 on the previous day. The total traded volume was 14,290,589 shares.

The company shares have dropped -22.44% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $12.09 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $9.53 and the 200 Day Moving Average price is recorded at $9.19.

ON Semiconductor Corporation (NASDAQ:ON) has tumbled 3.81% during the past week and has dropped 5.9% 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 2.21%. ON Semiconductor Corporation (NASDAQ:ON) has underperformed the index by 3.05% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

ON Semiconductor Corporation offers a portfolio of analog, digital and mixed signal ICs, image sensors and custom devices for customers to solve their design challenges in electronic systems and products. The company operates through four segments: Application Products Group designs and develops analog, mixed-signal and logic ASIC and ASSP solutions for end-users in the automotive, consumer electronics, computing, industrial, communications, medical and military/aerospace markets. Image Sensor Group designs and develops CMOS and CCD image sensors and image processors for end-users in the automotive, industrial, consumer electronics, wireless, medical, and military/aerospace markets. Standard Products Group offers discrete and integrated semiconductor products that perform multiple application functions. System Solutions Group designs and develops analog and mixed signal ICs, DSPs, analog and digital tuners, intelligent power modules, memory and discrete semiconductors.

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