Nordic Semiconductor ASA (OTCMKTS:NRSDY) Sees Large Increase in Short Interest

Nordic Semiconductor ASA (OTCMKTS:NRSDY) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 112 shares. Based on an average trading volume of 88 shares, the days-to-cover ratio is currently 1.3 days.

Nordic Semiconductor ASA Stock Performance

NRSDY stock remained flat at $18.55 during trading on Wednesday. The stock’s 50 day moving average is $17.40 and its 200 day moving average is $18.20. Nordic Semiconductor ASA has a 52 week low of $12.60 and a 52 week high of $23.40.

Nordic Semiconductor ASA Company Profile

Nordic Semiconductor ASA is a Norwegian fabless semiconductor company headquartered in Trondheim, Norway. The company develops low-power wireless connectivity solutions for Internet of Things (IoT) applications, serving customers and technology developers worldwide.

Its product portfolio includes system-on-chip devices and modules supporting Bluetooth Low Energy, cellular IoT, Wi-Fi, Thread, Matter and other wireless standards. Nordic also provides development tools, software, cloud services and reference designs intended to help customers create connected products such as wearables, smart-home equipment, industrial sensors, asset-tracking systems and medical devices.

Founded in 1983 as Nordic VLSI, the company has expanded from a specialist in short-range wireless technology into a provider of solutions spanning short-range connectivity, cellular IoT and related embedded technologies.