ANADIGICS Short Interest Up 79.8% in May (ANAD)
ANADIGICS (NASDAQ:ANAD) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 6,972,279 shares, an increase of 79.8% from the April 30th total of 3,877,734 shares, AnalystRatings.NET reports. Based on an average daily volume of 1,371,361 shares, the short-interest ratio is currently 5.1 days. Approximately 8.6% of the shares of the company are short sold.
A number of analysts have recently weighed in on ANAD shares. Analysts at Credit Suisse reiterated a “hold” rating on shares of ANADIGICS in a research note on Wednesday, May 21st. They now have a $2.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of ANADIGICS in a research note on Friday, May 9th. They now have a $1.00 price target on the stock.
ANADIGICS (NASDAQ:ANAD) opened at 1.08 on Monday. ANADIGICS has a 1-year low of $0.90 and a 1-year high of $2.45. The stock has a 50-day moving average of $1. and a 200-day moving average of $1.70. The company’s market cap is $92.4 million.
ANADIGICS (NASDAQ:ANAD) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.11) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.11). The company had revenue of $23.30 million for the quarter, compared to the consensus estimate of $23.50 million. Analysts expect that ANADIGICS will post $-0.31 EPS for the current fiscal year.
ANADIGICS, Inc is a designer and manufacturer of radio frequency (NASDAQ:ANAD) semiconductor solutions for cellular wireless, wireless fidelity (WiFi), and infrastructure applications.
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