Advanced Micro Devices Short Interest Up 36.1% in July (AMD)
Shares of Advanced Micro Devices (NYSE:AMD) were the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 153,192,755 shares, an increase of 36.1% from the July 15th total of 112,530,331 shares, AnalystRatingsNetwork reports. Based on an average trading volume of 52,774,771 shares, the short-interest ratio is currently 2.9 days. Currently, 24.8% of the shares of the company are sold short.
A number of research firms have recently commented on AMD. Analysts at Zacks downgraded shares of Advanced Micro Devices from an “outperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $4.25 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Advanced Micro Devices in a research note on Friday, July 18th. They now have a $3.50 price target on the stock, down previously from $4.00. Nine analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $3.95.
Shares of Advanced Micro Devices (NYSE:AMD) opened at 4.11 on Thursday. Advanced Micro Devices has a 52 week low of $3.04 and a 52 week high of $4.80. The stock has a 50-day moving average of $4.09 and a 200-day moving average of $3.95. The company has a market cap of $3.146 billion and a price-to-earnings ratio of 38.13.
Advanced Micro Devices (NYSE:AMD) last issued its quarterly earnings data on Thursday, July 17th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The company’s quarterly revenue was up 24.1% on a year-over-year basis. Analysts expect that Advanced Micro Devices will post $0.12 EPS for the current fiscal year.
Advanced Micro Devices, Inc (NYSE:AMD) is a global semiconductor company with facilities around the world.
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