Short Interest in Melexis NV (OTCMKTS:MLXSF) Increases By 59.0%

Melexis NV (OTCMKTS:MLXSF) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 65,500 shares, an increase of 59.0% from the February 13th total of 41,200 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 655.0 days.

Melexis Stock Performance

Shares of MLXSF stock remained flat at $59.00 during trading hours on Monday. The firm has a 50-day moving average of $57.52 and a 200 day moving average of $76.96. Melexis has a 12-month low of $57.20 and a 12-month high of $74.25.

About Melexis

Melexis NV designs, develops, tests, and markets advanced integrated semiconductor devices primarily for the automotive industry in Europe, the Middle-East, Africa, the Asia Pacific, and North and Latin America. The company provides magnetic position, current, latch and switch, inductive position, speed, pressure, tire monitoring, temperature, and optical sensors ICs and time-of-flight; embedded motor, smart, fan and pump, smart LED, and pre-driver ICs; embedded lighting; and LIN transceiver, CAN transceiver, and RFID transceivers.