MoSys Inc. (MOSY) Short Interest Down 43.9% in November
MoSys Inc. (NASDAQ:MOSY) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 345,271 shares, a drop of 43.9% from the November 15th total of 615,857 shares. Approximately 4.4% of the shares of the company are sold short. Based on an average daily volume of 1,123,025 shares, the days-to-cover ratio is presently 0.3 days.
A hedge fund recently bought a new stake in MoSys stock. Susquehanna International Group LLP acquired a new position in MoSys Inc. (NASDAQ:MOSY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 165,605 shares of the semiconductor producer’s stock, valued at approximately $283,000. Susquehanna International Group LLP owned about 2.07% of MoSys at the end of the most recent quarter. Institutional investors and hedge funds own 15.05% of the company’s stock.
MoSys (NASDAQ:MOSY) opened at $1.20 on Thursday. MoSys has a 52-week low of $0.55 and a 52-week high of $4.32.
Separately, Benchmark raised shares of MoSys from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th.
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MoSys, Inc (MoSys), together with its subsidiaries, is a fabless semiconductor company focused on the development and sale of integrated circuits (ICs) for the high-speed networking, communications, storage and computing markets. The Company has developed approximately two IC product lines under the Bandwidth Engine and LineSpeed product names.
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