Micron Technology Sees Significant Decline in Short Interest (MU)
Micron Technology (NASDAQ:MU) saw a large decline in short interest in August. As of August 15th, there was short interest totalling 105,149,070 shares, a decline of 16.0% from the July 31st total of 125,250,679 shares, Analyst Ratings Network.com reports. Based on an average trading volume of 24,628,484 shares, the short-interest ratio is currently 4.3 days. Approximately 9.9% of the company’s stock are sold short.
Micron Technology (NASDAQ:MU) opened at 32.60 on Tuesday. Micron Technology has a one year low of $13.70 and a one year high of $34.85. The stock’s 50-day moving average is $32.34 and its 200-day moving average is $28.15. The company has a market cap of $34.909 billion and a P/E 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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