Short Interest in SuperX AI Technology Limited (NASDAQ:SUPX) Expands By 111.1%

SuperX AI Technology Limited (NASDAQ:SUPX) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 418,726 shares, a growth of 111.1% from the May 14th total of 198,392 shares. Based on an average daily volume of 319,781 shares, the short-interest ratio is currently 1.3 days. Approximately 1.3% of the shares of the stock are sold short.

SuperX AI Technology Stock Performance

SuperX AI Technology stock traded down $1.36 during mid-day trading on Friday, hitting $8.23. 410,387 shares of the company were exchanged, compared to its average volume of 304,941. The business’s 50 day simple moving average is $9.02 and its two-hundred day simple moving average is $12.92. SuperX AI Technology has a 12-month low of $6.61 and a 12-month high of $76.50.

Hedge Funds Weigh In On SuperX AI Technology

Several hedge funds have recently bought and sold shares of SUPX. Yong Rong HK Asset Management Ltd purchased a new position in SuperX AI Technology during the fourth quarter worth $43,091,000. CloudAlpha Capital Management Limited Hong Kong purchased a new position in SuperX AI Technology during the fourth quarter worth $8,053,000. Boundless Plain Holdings Ltd purchased a new position in SuperX AI Technology during the fourth quarter worth $845,000. Geode Capital Management LLC purchased a new position in SuperX AI Technology during the fourth quarter worth $323,000. Finally, Swiss National Bank purchased a new position in SuperX AI Technology during the fourth quarter worth $309,000.

Analysts Set New Price Targets

Several research firms recently weighed in on SUPX. Wall Street Zen downgraded SuperX AI Technology from a “hold” rating to a “sell” rating in a research note on Sunday, March 15th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SuperX AI Technology in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, SuperX AI Technology presently has an average rating of “Sell”.

SuperX AI Technology Company Profile

Supertex, Inc is a producer of high voltage analog and mixed signal semiconductor components. The Company designs, develops, manufactures, and markets integrated circuits (ICs), utilizing high voltage DMOS, HVCMOS and HVBiCMOS analog and mixed signal technologies. These ICs are used in the medical ultrasound imaging, light emitting diodes (LED) backlighting for monitors and liquid-crystal display (LCD) television (TVs), LED general lighting, telecommunications, printer, flat panel display, industrial and consumer product industries.