Short Interest in Micron Technology Increases By 2.9% (MU)
Micron Technology (NASDAQ:MU) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 125,250,679 shares, an increase of 2.9% from the July 15th total of 121,751,101 shares, Analyst Ratings Net reports. Based on an average daily volume of 27,066,106 shares, the short-interest ratio is presently 4.6 days. Currently, 11.8% of the shares of the company are sold short.
Micron Technology (NASDAQ:MU) traded up 2.33% on Monday, hitting $30.74. 20,595,904 shares of the company’s stock traded hands. Micron Technology has a 1-year low of $13.05 and a 1-year high of $34.85. The stock’s 50-day moving average is $32.49 and its 200-day moving average is $27.20. The company has a market cap of $32.917 billion and a price-to-earnings ratio of 9.91.
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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