Short Interest Update on InvenSense (INVN)

InvenSense (INVN) : Traders are increasing their bearish positions on the stock, as is visible by the 1.8% jump in the outstanding short positions; a total addition of 144,189 shares on the sell side. On Jul 29, 2016, the total short positions were 7,876,015 shares, which went up to 8,020,204 shares by the close of trading on August 15, 2016. It will take 4 days for the bears to roll over or cover. An average of 1,816,682 shares exchange hands daily. 9.8% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.

InvenSense (NYSE:INVN): The stock opened at $7.75 on Wednesday but the bulls could not build on the opening and the stock topped out at $7.80 for the day. The stock traded down to $7.56 during the day, due to lack of any buying support eventually closed down at $7.63 with a loss of -2.05% for the day. The stock had closed at $7.79 on the previous day. The total traded volume was 952,260 shares.


In a related news, Goehl Daniel, officer (VPWorldwide Sales) of Invensense Inc, unloaded 3,750 shares at an average price of $8.17 on August 16, 2016. The total amount of the transaction was worth $30,638, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

InvenSense, Inc. (InvenSense) is engaged in designing, developing, manufacturing and marketing devices and related software for sensor system-on-chip (SoC) for the motion and sound markets. The Company designs, develops, markets and sells sensor SoCs, including accelerometers, gyroscopes and microphones for the mobile, wearable, smart home, gaming, industrial and automotive market segments. The Companys motion solutions detect and track an objects motion in three-dimensional space. It assimilates information from gyroscopes, accelerometers, magnetometers, pressure sensors and microphones to determine how a host device is moving, its direction, its elevation and what it is hearing. The Companys sensor SoC devices consist of various fundamental components, such as its micro-electro-mechanical-systems (MEMS)-based motion sensors combined with its mixed-signal circuitry for signal processing; its MotionFusion technology, and the MotionApps platform.

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