GigOptix Short Interest Down 36.4% in May (GIG)
GigOptix (NYSE:GIG) was the recipient of a significant decline in short interest in May. As of May 30th, there was short interest totalling 111,275 shares, a decline of 36.4% from the May 15th total of 174,991 shares, Analyst RN reports. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 135,067 shares, the days-to-cover ratio is currently 0.8 days.
GIG has been the subject of a number of recent research reports. Analysts at Sidoti initiated coverage on shares of GigOptix in a research note on Thursday, April 10th. They set a “neutral” rating on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy”.
Shares of GigOptix (NYSE:GIG) opened at 1.44 on Thursday. GigOptix has a one year low of $0.90 and a one year high of $1.98. The stock has a 50-day moving average of $1.45 and a 200-day moving average of $1.59. The company’s market cap is $45.3 million.
GigOptix (NYSE:GIG) last announced its earnings results on Thursday, May 1st. The company reported ($0.02) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.03) by $0.01. On average, analysts predict that GigOptix will post $-0.01 earnings per share for the current fiscal year.
GigOptix, Inc (NYSE:GIG) is a supplier of semiconductor and electro-optical component products that enables high-speed end to end data streaming over optical fiber and wireless telecommunications and data-communications networks globally.
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