Texas Instruments Incorporated June 15th Short Interest Update

Texas Instruments Incorporated (NASDAQ:TXN) reported a rise of 5.7% or 1,432,998 shares in its short interest. The short figure came in at 2.7% of the total floats. The average daily volume of 5,270,746 shares suggests that the days to cover 26,803,246 short positions, as on June 15,2016, will be 5. On May 31,2016, the short interest was 25,370,248 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Texas Instruments Incorporated (NASDAQ:TXN): The stock opened at $60.51 on Friday but the bulls could not build on the opening and the stock topped out at $61.90 for the day. The stock traded down to $60.36 during the day, due to lack of any buying support eventually closed down at $60.54 with a loss of -4.36% for the day. The stock had closed at $63.30 on the previous day. The total traded volume was 8,505,662 shares.

The company shares have rallied 17.51% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $63.31 and the one year low was seen on Aug 25, 2015. The 50-Day Moving Average price is $60.13 and the 200 Day Moving Average price is recorded at $56.23.

Texas Instruments Incorporated (NASDAQ:TXN) has tumbled 1.75% during the past week and has dropped 0.79% in the last 4 week period. The stocks have underperformed the S&P 500 by 0.12% during the past week but Texas Instruments Incorporated (NASDAQ:TXN) it has outperformed the index in 4 weeks by 2.22%.

Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. The Companys Analog segment includes the following product lines: High Volume Analog & Logic, Power Management, High Performance Analog and Silicon Valley Analog. The Companys Embedded Processing segment includes the following product lines: Processor, Microcontrollers and Connectivity. The Company is also engaged in smaller product lines, such as DLP products, certain custom semiconductors known as application-specific integrated circuits, calculators, baseband products, and applications processors and connectivity products. The revenues from these smaller businesses are included under the Other segment. The Company has design, manufacturing or sales operations in 35 countries.

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