Short Interest in Micrel Expands By 23.9% (MCRL)
Micrel (NASDAQ:MCRL) was the recipient of a significant increase in short interest during the month of August. As of August 15th, there was short interest totalling 1,881,720 shares, an increase of 23.9% from the July 31st total of 1,519,292 shares, Analyst Ratings Network reports. Currently, 4.2% of the shares of the company are short sold. Based on an average daily volume of 501,216 shares, the short-interest ratio is currently 3.8 days.
In other Micrel news, VP James Guy Gandenberger unloaded 2,486 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $12.52, for a total transaction of $31,124.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Micrel (NASDAQ:MCRL) opened at 12.405 on Thursday. Micrel has a 1-year low of $8.60 and a 1-year high of $12.69. The stock’s 50-day moving average is $11.43 and its 200-day moving average is $10.95. The company has a market cap of $701.3 million and a P/E ratio of 54.70.
Micrel (NASDAQ:MCRL) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.02. The company had revenue of $62.34 million for the quarter, compared to the consensus estimate of $63.45 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts predict that Micrel will post $0.30 earnings per share for the current fiscal year.
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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