Short Interest in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) Drops By 43.7%

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 5,334,875 shares, a decrease of 43.7% from the June 15th total of 9,474,050 shares. Based on an average daily volume of 11,438,300 shares, the short-interest ratio is presently 0.5 days. Currently, 3.2% of the company’s stock are sold short.

Credo Technology Group News Summary

Here are the key news stories impacting Credo Technology Group this week:

• Positive Sentiment: Credo’s free cash flow surged to $177.5 million, which strengthens its balance sheet and gives the company more flexibility to fund innovation, pursue acquisitions, and expand its AI-driven connectivity business. That kind of cash generation is typically viewed favorably by investors. Credo’s Free Cash Flow Soars: Can the Momentum Continue?
• Positive Sentiment: The company also drew a mention from an investment manager’s Q2 2026 letter, which can reinforce the view that institutional investors see Credo as a strong growth name in the small-cap tech space. Here’s Why Credo Technology Group Holding Ltd (CRDO) is on the Detector List of the Fund
• Neutral Sentiment: Several articles focused on insider selling, including a planned sale by a Credo executive and other executives, but the transactions were made under pre-arranged Rule 10b5-1 plans and do not necessarily signal a negative change in fundamentals. Still, investors may view the sales cautiously after the stock’s sharp move higher. A Credo Executive Sold Nearly $24 Million in Stock Across Two Sales in One Day
• Neutral Sentiment: Another note highlighted that the company remains a market favorite after a major rally, with the discussion centered more on valuation and recent price gains than on a new business catalyst. What This Billionaire Co-Founder’s Credo Sale Signals With Shares Up 139%
• Neutral Sentiment: A separate market commentary piece mentioned Credo among potential buy-the-dip opportunities in a volatile AI-capex environment, but it was broader market analysis rather than company-specific news. Steven Cress’ Top 2 Stocks H2 2026

Insider Activity at Credo Technology Group

In other Credo Technology Group news, CTO Chi Fung Cheng sold 27,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $269.84, for a total transaction of $7,420,600.00. Following the transaction, the chief technology officer owned 5,909,870 shares of the company’s stock, valued at $1,594,719,320.80. The trade was a 0.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Joseph Brennan sold 54,984 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $218.57, for a total value of $12,017,852.88. Following the sale, the chief executive officer owned 367,327 shares in the company, valued at approximately $80,286,662.39. This represents a 13.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 329,662 shares of company stock valued at $76,068,196. Insiders own 11.84% of the company’s stock.

Institutional Investors Weigh In On Credo Technology Group

Institutional investors have recently made changes to their positions in the company. City Center Advisors LLC raised its position in Credo Technology Group by 2.1% in the second quarter. City Center Advisors LLC now owns 2,595 shares of the company’s stock valued at $706,000 after purchasing an additional 53 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Credo Technology Group by 8.0% during the second quarter. Versant Capital Management Inc now owns 755 shares of the company’s stock valued at $205,000 after purchasing an additional 56 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Credo Technology Group by 16.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the company’s stock worth $80,000 after purchasing an additional 77 shares during the last quarter. QRG Capital Management Inc. increased its stake in shares of Credo Technology Group by 1.7% in the first quarter. QRG Capital Management Inc. now owns 5,402 shares of the company’s stock valued at $507,000 after buying an additional 91 shares during the period. Finally, Bank of Nova Scotia increased its stake in shares of Credo Technology Group by 1.6% in the first quarter. Bank of Nova Scotia now owns 6,026 shares of the company’s stock valued at $566,000 after buying an additional 92 shares during the period. Institutional investors own 80.46% of the company’s stock.

Analyst Upgrades and Downgrades

CRDO has been the topic of several analyst reports. Roth Capital upped their price target on shares of Credo Technology Group from $200.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Stifel Nicolaus boosted their price objective on shares of Credo Technology Group from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Bank of America upped their target price on shares of Credo Technology Group from $252.00 to $340.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Evercore started coverage on shares of Credo Technology Group in a research note on Monday, June 22nd. They issued an “outperform” rating and a $325.00 target price for the company. Finally, Mizuho lifted their price target on Credo Technology Group from $260.00 to $290.00 and gave the stock an “outperform” rating in a report on Tuesday, June 2nd. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $263.11.

Credo Technology Group Price Performance

Shares of Credo Technology Group stock opened at $202.68 on Friday. The business has a fifty day simple moving average of $232.10 and a two-hundred day simple moving average of $167.13. Credo Technology Group has a 1 year low of $86.49 and a 1 year high of $308.67. The company has a market capitalization of $37.80 billion, a price-to-earnings ratio of 81.73, a P/E/G ratio of 0.95 and a beta of 3.20.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly earnings data on Monday, June 1st. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.14. Credo Technology Group had a net margin of 35.37% and a return on equity of 32.30%. The company had revenue of $437.00 million for the quarter, compared to analyst estimates of $431.80 million. During the same period in the prior year, the firm earned $0.20 earnings per share. The company’s revenue was up 157.0% on a year-over-year basis. As a group, equities analysts anticipate that Credo Technology Group will post 4.84 earnings per share for the current fiscal year.

About Credo Technology Group

Credo Technology Group, Inc (NASDAQ: CRDO) is a fabless semiconductor company that develops high‑speed connectivity solutions for cloud, enterprise and telecommunications infrastructure. The company focuses on semiconductors and related IP that enable reliable, low‑latency movement of large volumes of data between servers, switches and optical modules in data centers and network equipment.

Credo’s product portfolio centers on high‑speed analog and mixed‑signal devices designed to preserve signal integrity and extend reach over copper and optical links.