Analog Devices (ADI) : The short interest in Analog Devices (ADI) has increased from 4,748,999 to 8,264,574 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 1,998,385 shares are traded daily in the stock and only 4 days are left for the shorts to cover. The short open interest is 2.7% of the total shares in the hands of the public. The shorts in the stock have gone up by 3,515,575 shares, which is an increase of 74% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
Analog Devices (NASDAQ:ADI): The stock opened at $63.59 on Wednesday but the bulls could not build on the opening and the stock topped out at $63.84 for the day. The stock traded down to $62.70 during the day, due to lack of any buying support eventually closed down at $62.70 with a loss of -1.72% for the day. The stock had closed at $63.80 on the previous day. The total traded volume was 2,613,121 shares.
In a related news,The officer (VP, Chief Accounting Officer) of Analog Devices Inc, Wynne Eileen sold 2,504 shares at $64.25 on August 18, 2016. The Insider selling transaction had a total value worth of $160,882. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Analog Devices, Inc. is engaged in the design, manufacture and marketing of high-performance analog, mixed-signal and digital signal processing integrated circuits (ICs). The Company is focused on solving the engineering challenges associated with signal processing in electronic equipment. The Companys produces a wide range of products including data converters, amplifiers and linear products, radio frequency (RF) ICs, power management products, sensors based on micro-electro mechanical systems (MEMS) technology and other sensors, and processing products, including DSP and other processors that are designed to meet the needs of a broad base of customers. The Company focuses on strategic markets where its signal processing technology is often a critical differentiator in its customers products, in the industrial, automotive, consumer and communications markets.