Short Interest in Micrel Drops By 29.0% (MCRL)
Micrel (NASDAQ:MCRL) saw a large drop in short interest in June. As of June 30th, there was short interest totalling 1,584,330 shares, a drop of 29.0% from the June 13th total of 2,231,058 shares, Stock Ratings News reports. Based on an average trading volume of 308,092 shares, the short-interest ratio is presently 5.1 days. Currently, 3.6% of the company’s stock are sold short.
Micrel (NASDAQ:MCRL) opened at 11.25 on Tuesday. Micrel has a one year low of $8.60 and a one year high of $11.68. The stock has a 50-day moving average of $11.23 and a 200-day moving average of $10.60. The company has a market cap of $635.3 million and a P/E ratio of 44.88.
Micrel, Incorporated (NASDAQ:MCRL) designs, develops, manufactures and markets a range of analog power integrated circuits (ICs), mixed-signal ICs and digital ICs.
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