SuperX AI Technology Limited (NASDAQ:SUPX) Short Interest Update
by Tristan Rich · The Markets DailySuperX AI Technology Limited (NASDAQ:SUPX – Get Free Report) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 418,726 shares, a growth of 111.1% from the May 14th total of 198,392 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average trading volume of 319,781 shares, the short-interest ratio is presently 1.3 days.
Institutional Trading of SuperX AI Technology
Several hedge funds have recently added to or reduced their stakes in SUPX. Yong Rong HK Asset Management Ltd acquired a new stake in SuperX AI Technology during the 4th quarter worth $43,091,000. Anatole Investment Management Ltd acquired a new stake in SuperX AI Technology during the 4th quarter worth $28,224,000. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in SuperX AI Technology during the 4th quarter worth $8,053,000. Boundless Plain Holdings Ltd acquired a new stake in SuperX AI Technology during the 4th quarter worth $845,000. Finally, Renaissance Technologies LLC acquired a new stake in SuperX AI Technology during the 4th quarter worth $678,000.
Wall Street Analysts Forecast Growth
SUPX has been the subject of several recent research reports. Wall Street Zen cut shares of SuperX AI Technology from a “hold” rating to a “sell” rating in a research report on Sunday, March 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of SuperX AI Technology in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, SuperX AI Technology has a consensus rating of “Sell”.
Read Our Latest Report on SUPX
SuperX AI Technology Stock Performance
Shares of SuperX AI Technology stock traded down $1.36 on Friday, hitting $8.23. 410,387 shares of the company’s stock traded hands, compared to its average volume of 304,941. The firm’s 50-day moving average price is $9.02 and its two-hundred day moving average price is $12.92. SuperX AI Technology has a one year low of $6.61 and a one year high of $76.50.
About SuperX AI Technology
Supertex, Inc is a producer of high voltage analog and mixed signal semiconductor components. The Company designs, develops, manufactures, and markets integrated circuits (ICs), utilizing high voltage DMOS, HVCMOS and HVBiCMOS analog and mixed signal technologies. These ICs are used in the medical ultrasound imaging, light emitting diodes (LED) backlighting for monitors and liquid-crystal display (LCD) television (TVs), LED general lighting, telecommunications, printer, flat panel display, industrial and consumer product industries.