Semiconductor HOLDRs Stock Rating Lowered by Goldman Sachs (SMH)
Semiconductor HOLDRs (NYSE:SMH) opened at 50.07 on Monday. Semiconductor HOLDRs has a 52 week low of $36.68 and a 52 week high of $51.17. The stock’s 50-day moving average is $49.74 and its 200-day moving average is $46.1. Semiconductor HOLDRs also was the target of a significant increase in short interest in July. As of July 31st, there was short interest totalling 13,146,773 shares, an increase of 36.5% from the July 15th total of 9,629,516 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 2,767,150 shares, the short-interest ratio is presently 4.8 days.
The Semiconductor HOLDRS Trust issues depositary receipts called Semiconductor HOLDRS, representing an undivided beneficial ownership in the United States-traded common stock of companies that develop, manufacture and market integrated circuitry and other products known as semiconductors, which allow for speed and functionality in components used in computers and other electronic devices.
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