Nordic Semiconductor ASA (OTCMKTS:NDCVF) Short Interest Update

Nordic Semiconductor ASA (OTCMKTS:NDCVFGet Free Report) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 401,232 shares, a decline of 77.5% from the April 15th total of 1,782,037 shares. Based on an average trading volume of 5,171 shares, the short-interest ratio is presently 77.6 days.

Nordic Semiconductor ASA Price Performance

OTCMKTS NDCVF traded up $0.80 on Wednesday, hitting $22.00. 10,013 shares of the company were exchanged, compared to its average volume of 6,190. The company’s 50 day moving average price is $17.06 and its 200-day moving average price is $14.90. Nordic Semiconductor ASA has a twelve month low of $12.00 and a twelve month high of $23.29.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Nordic Semiconductor ASA in a report on Wednesday, April 29th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Sell”.

Read Our Latest Report on Nordic Semiconductor ASA

About Nordic Semiconductor ASA

(Get Free Report)

Nordic Semiconductor ASA is a Norway-based fabless semiconductor company specializing in ultra-low-power wireless communication solutions for the Internet of Things (IoT). Founded in 1983 and headquartered in Trondheim, the company designs and markets integrated circuits (ICs) and related software for short-range wireless applications. Its portfolio includes SoCs and modules supporting Bluetooth Low Energy, Thread, Zigbee, ANT and proprietary 2.4 GHz protocols, as well as cellular IoT technologies such as LTE-M and NB-IoT.

Nordic’s flagship product families, including the nRF52, nRF53 and nRF54 series, enable battery-powered devices across a wide range of markets.

Recommended Stories

Receive News & Ratings for Nordic Semiconductor ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordic Semiconductor ASA and related companies with MarketBeat.com's FREE daily email newsletter.