Amkor Technology (AMKR) : 1 days before expiry, shorts in Amkor Technology (AMKR) have reduced from 4,124,572 on Jul 29, 2016, to 3,850,410 on August 15, 2016. On an average, 2,932,054 shares are traded on the exchange. The outstanding bearish positions are equal to 3.9% of the float. Short sellers have covered -274,162 shares, a reduction of -6.7%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Amkor Technology (NASDAQ:AMKR): The stock opened at $9.21 on Wednesday but the bulls could not build on the opening and the stock topped out at $9.25 for the day. The stock traded down to $9.09 during the day, due to lack of any buying support eventually closed down at $9.16 with a loss of -1.08% for the day. The stock had closed at $9.26 on the previous day. The total traded volume was 1,055,595 shares.
In a related news, The director, of Amkor Technology, Inc., Zug James W had unloaded 10,000 shares at $7.56 per share in a transaction on August 4, 2016. The total value of transaction was $75,600. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Amkor Technology, Inc. (Amkor) is a provider of outsourced semiconductor packaging and test services. The Companys packaging and test services are designed to meet application and chip specific requirements, including the type of interconnect technology employed, size, thickness and electrical, and mechanical and thermal performance. It provides packaging and test services, including semiconductor wafer bump, wafer probe, wafer backgrind, package design, packaging, test and drop shipment services. The Company provides its services to integrated device manufacturers (IDMs), fabless semiconductor companies and contract foundries. IDMs design, manufacture, package and test semiconductors in their own facilities. Fabless semiconductor companies focuses on the semiconductor design process and manufacturing process.