SuperX AI Technology Limited (NASDAQ:SUPX – Get Free Report) was the recipient of a significant growth in short interest in the month of 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 trading volume of 319,781 shares, the short-interest ratio is presently 1.3 days. Currently, 1.3% of the shares of the company are sold short.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of SUPX. Yong Rong HK Asset Management Ltd acquired a new position in SuperX AI Technology during the 4th quarter worth $43,091,000. CloudAlpha Capital Management Limited Hong Kong bought a new stake in shares of SuperX AI Technology during the 4th quarter valued at $8,053,000. Boundless Plain Holdings Ltd bought a new stake in shares of SuperX AI Technology during the 4th quarter valued at $845,000. Geode Capital Management LLC bought a new stake in shares of SuperX AI Technology during the 4th quarter valued at $323,000. Finally, Swiss National Bank bought a new stake in shares of SuperX AI Technology during the 4th quarter valued at $309,000.
Analysts Set New Price Targets
Several research analysts have recently commented on SUPX shares. Weiss Ratings reissued a “sell (e+)” rating on shares of SuperX AI Technology in a report on Friday, May 8th. Wall Street Zen downgraded SuperX AI Technology from a “hold” rating to a “sell” rating in a report on Sunday, March 15th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.
SuperX AI Technology Stock Down 14.2%
NASDAQ:SUPX traded down $1.36 during trading hours on Friday, hitting $8.23. 410,387 shares of the stock were exchanged, compared to its average volume of 304,941. The company’s 50 day moving average is $9.02 and its two-hundred day moving average is $12.92. SuperX AI Technology has a twelve month low of $6.61 and a twelve month high of $76.50.
About SuperX AI Technology
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.
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