Hutchinson Technology Incorporated (HTCH) : The bears are holding on to their shorts in Accenture Plc with 2 more days remaining for them to cover their positions. The bearish positions have increased from 1,180,847 on Jul 29, 2016, to 1,442,596, on August 15, 2016. Daily, 590,328 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 261,749 shares, which is an increase of just 22.2%. The total short interest of 4.4% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.
Hutchinson Technology Incorporated (NASDAQ:HTCH): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $1.61 and $1.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $1.70, notching a gain of 4.94% for the day. The total traded volume was 245,722 . The stock had closed at $1.62 on the previous day.
Hutchinson Technology Incorporated (HTI) is a manufacturer of suspension assemblies for all sizes and types of hard disk drives. The Company manufactures suspension assemblies for all sizes and types of hard disk drives. Suspension assemblies are components of disk drives that hold the read/write heads in position above the spinning magnetic disks. The Company categorizes its products as either suspension assemblies or other revenue, which consists primarily of revenue outside of the disk drive industry for precision component manufacturing, tool design, tool build and metrology, suspension assembly components, reimbursement for disk drive industry-related engineering services and specific disk drive program capacity and biomeasurement products. During the year ended September 28, 2014, the Company shipped 432 million suspension assemblies of all types, supplying all manufacturers of disk drives and head-gimbal assemblers.