Short Interest in Nordic Semiconductor ASA (OTCMKTS:NRSDY) Drops By 97.0%

Nordic Semiconductor ASA (OTCMKTS:NRSDY) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 234 shares, a decrease of 97.0% from the May 14th total of 7,682 shares. Based on an average daily volume of 1,078 shares, the days-to-cover ratio is presently 0.2 days.

Nordic Semiconductor ASA Price Performance

Nordic Semiconductor ASA stock traded down $1.57 during midday trading on Tuesday, hitting $19.43. The company’s stock had a trading volume of 536 shares, compared to its average volume of 2,575. The stock’s 50-day moving average price is $19.46 and its 200-day moving average price is $15.69. Nordic Semiconductor ASA has a 12 month low of $12.60 and a 12 month high of $23.40.

About Nordic Semiconductor ASA

Nordic Semiconductor ASA, a fabless semiconductor company, designs, sells, and delivers integrated circuits (ICs) and related products and services for use in short- and long- range wireless applications in Europe, the Americas, and the Asia Pacific. The company offers cellular IoT solutions comprising NB-IoT and LTE-M; Wi-Fi solution; Bluetooth Low Energy Systems-on-Chip (SoCs); Bluetooth LE audio products; Bluetooth mesh; Bluetooth direction finding solution; DECT NR+, a non-cellular radio standard; Thread, an IP-based wireless networking protocol solution; Zigbee products; ANT solutions, including wireless multiprotocol SoCs supporting the ANT wireless protocol; nRF52 and nRF51 wireless SoCs; and range extenders.