Intersil Corporation (ISIL) : The short interest in Intersil Corporation (ISIL) has increased from 2,407,165 to 2,467,144 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 820,749 shares are traded daily in the stock and only 3 days are left for the shorts to cover. The short open interest is 1.8% of the total shares in the hands of the public. The shorts in the stock have gone up by 59,979 shares, which is an increase of 2.5% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
Intersil Corporation (NASDAQ:ISIL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.70 and $18.56 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.76, notching a gain of 0.37% for the day. The total traded volume was 1,762,378 . The stock had closed at $18.69 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP, WW Operations) of Intersil Corp/De, Micallef Andrew had sold 4,000 shares worth of $47,840 in a transaction dated May 10, 2016. In this transaction, 4,000 shares were sold at $11.96 per share.
Intersil Corporation is engaged in designing and developing power management and precision analog integrated circuits (IC). The Company caters to infrastructure, industrial, automotive, consumer, instrumentation and measurement, light emitting diode (LED) lighting, medical, military, networking and communications, security and surveillance, radiation hardened, video and computing markets. It supplies a range of power IC solutions for battery management, processor power management and display power management, including power regulators, converters and controllers, as well as integrated power modules. The Company also provides precision analog components. The Companys product groups are power management, amplifiers and buffers, audio and video, data converters, end market specific, interface, optoelectronics, space and harsh environment, switches/multiplexers (MUXes)/crosspoints, timing and digital, and other analog.