Semiconductor Manufacturing International Corporation (NYSE:SMI) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 1,935,842 shares, an increase of 67.1% from the October 31st total of 1,158,247 shares. Based on an average trading volume of 949,438 shares, the short-interest ratio is currently 2.0 days.
A number of equities research analysts have recently weighed in on SMI shares. Zacks Investment Research raised Semiconductor Manufacturing International from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Bank of America lowered Semiconductor Manufacturing International from a “buy” rating to an “underperform” rating in a research note on Wednesday, November 15th. Credit Suisse Group lowered Semiconductor Manufacturing International from a “neutral” rating to an “underperform” rating in a research note on Tuesday, November 7th. Mizuho lowered Semiconductor Manufacturing International from a “buy” rating to an “underperform” rating in a research note on Monday, October 16th. Finally, Daiwa Capital Markets lowered Semiconductor Manufacturing International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Ten investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Semiconductor Manufacturing International presently has an average rating of “Sell”.
Semiconductor Manufacturing International (NYSE:SMI) opened at $6.78 on Thursday. Semiconductor Manufacturing International has a twelve month low of $4.49 and a twelve month high of $9.14. The stock has a market capitalization of $6,690.00, a PE ratio of 30.36, a P/E/G ratio of 3.99 and a beta of 0.40. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 0.45.
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Semiconductor Manufacturing International Company Profile
Semiconductor Manufacturing International Corporation is an investment holding company principally engaged in the computer-aided design, manufacture, packaging and trading of integrated circuits (IC), as well as the provision of other semiconductor services. The Company is also involved in the design and manufacture of semiconductor masks.
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