Nordic Semiconductor ASA (OTCMKTS:NDCVF – Get 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”.
About Nordic Semiconductor ASA
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.
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