Advanced Micro Devices Short Interest Down 6.5% in May (AMD)
Shares of Advanced Micro Devices (NYSE:AMD) were the recipient of a significant decrease in short interest in May. As of May 30th, there was short interest totalling 103,812,988 shares, a decrease of 6.5% from the May 15th total of 111,035,569 shares, AnalystRatings.Net reports. Currently, 16.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,423,223 shares, the short-interest ratio is currently 8.4 days.
AMD has been the subject of a number of recent research reports. Analysts at Pacific Crest downgraded shares of Advanced Micro Devices from a “sector perform” rating to an “underperform” rating in a research note on Monday. Separately, analysts at Argus upgraded shares of Advanced Micro Devices to a “hold” rating in a research note on Monday, June 16th. Finally, analysts at Canaccord Genuity initiated coverage on shares of Advanced Micro Devices in a research note on Tuesday, June 10th. They set a “buy” rating and a $5.00 price target on the stock. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $4.78.
Shares of Advanced Micro Devices (NYSE:AMD) opened at 4.01 on Tuesday. Advanced Micro Devices has a 1-year low of $3.04 and a 1-year high of $4.65. The stock has a 50-day moving average of $4.09 and a 200-day moving average of $3.9. The company has a market cap of $3.056 billion and a P/E ratio of 85.42.
Advanced Micro Devices (NYSE:AMD) last issued its quarterly earnings data on Thursday, April 17th. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the company posted ($0.13) earnings per share. The company’s revenue for the quarter was up 28.4% on a year-over-year basis. Analysts expect that Advanced Micro Devices will post $0.19 EPS for the current fiscal year.
Advanced Micro Devices, Inc (NYSE:AMD) is a global semiconductor company with facilities around the world.