Cavium (CAVM) : The short interest in Cavium (CAVM) has changed with an increase of 1,811,097 shares and the open interest is 22.5%. From 8,056,203 short positions on Jul 29, 2016, the shorts increased to 9,867,300 shares by August 15, 2016. There are 8 more days left for the expiry and the daily trading volume of the stock is 1,240,133 shares. The total interest of shorts is 17.9% of the shares available to the public. The short interest information was released on Wednesday Aug 24th after the market close.
Cavium (NASDAQ:CAVM): The stock opened at $55.88 on Wednesday but the bulls could not build on the opening and the stock topped out at $56.50 for the day. The stock traded down to $54.50 during the day, due to lack of any buying support eventually closed down at $54.69 with a loss of -1.35% for the day. The stock had closed at $55.44 on the previous day. The total traded volume was 1,105,388 shares.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the COO of Cavium, Inc., Hussain Muhammad Raghib had purchased shares worth of $1,037,000 in a transaction dated on August 16, 2016. A total of 20,000 shares were purchased at a price of $51.85 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Cavium, Inc. is a provider of semiconductor processors, which enable processing for wired and wireless networking, communications, storage, cloud, wireless, security, video and connected home and office applications. The Companys products include OCTEON, OCTEON Plus, OCTEON Fusion, OCTEON XL, LiquidIO, NITROX, NEURON Search and PureVu. The Companys OCTEON, OCTEON Plus, OCTEON II and OCTEON III Multi-core MIPS64 processor families provide data and security processing. The LiquidIO Server Adapter family is a server compliant half-height Peripheral Component Interconnect Express (PCI Express). The NITROX processor family offers security processors. The NEURON Search processor family targets a range of Layer 2 to Layer 4 network search applications in enterprise and service provider infrastructure equipment. The PureVu product family is an integrated media system on a chip (SoC). The Company also offers ThunderX, a multi-core SoC processor, and MontaVista software products.