Cree (CREE) has 9,706,569 shares of shorts outstanding as on August 15, 2016, with 15 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 9,797,388 shares. The stock has a decent trading volume of 663,968 shares daily. The marginal decrease in the short positions is by -0.9%, which amounts to -90,819 shares. Short positions are 9.9% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
Cree (NASDAQ:CREE): The stock opened at $23.83 on Wednesday but the bulls could not build on the opening and the stock topped out at $23.87 for the day. The stock traded down to $23.43 during the day, due to lack of any buying support eventually closed down at $23.53 with a loss of -1.22% for the day. The stock had closed at $23.82 on the previous day. The total traded volume was 915,825 shares.
In a related news, Replogle John B, director of Cree Inc, had purchased 5,000 shares on August 18, 2016. The total value of the transaction was $116,650. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Cree, Inc. is a manufacturer of lighting-class light emitting diode (LED) products, lighting products and semiconductor products for power and radio-frequency (RF) applications. The Companys products are focused for applications, such as indoor and outdoor lighting, video displays, transportation, electronic signs and signals, power supplies, inverters and wireless systems. The Company has three segments: Lighting Products, LED Products, and Power and RF Products. The Companys Lighting Products segment offers LED lighting systems and bulbs. The Companys LED Products segment offers LED components, LED chips and silicon carbide (SiC) materials. The Companys Power and RF Products segment offers power devices and RF devices. The Company designs, manufactures and markets lighting systems for indoor and outdoor applications, with a focus on LED lighting systems for the commercial, industrial and consumer markets.