Micron Technology Sees Large Increase in Short Interest (MU)
Shares of Micron Technology (NASDAQ:MU) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 121,763,539 shares, an increase of 4.1% from the June 13th total of 116,977,682 shares, Stock Ratings Network.com reports. Based on an average daily volume of 34,425,442 shares, the short-interest ratio is presently 3.5 days. Currently, 11.5% of the company’s stock are short sold.
Micron Technology (NASDAQ:MU) opened at 33.59 on Tuesday. Micron Technology has a 52-week low of $12.31 and a 52-week high of $34.50. The stock’s 50-day moving average is $31.24 and its 200-day moving average is $25.96. The company has a market cap of $35.969 billion and a price-to-earnings ratio of 10.82.
Micron Technology, Inc, is a global manufacturer and marketer of semiconductor devices, principally NAND Flash, DRAM and NOR Flash memory, as well as other memory technologies, packaging solutions and semiconductor systems for use in computing, consumer, networking, automotive, industrial, embedded and mobile products.
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