Nordic Semiconductor ASA (OTCMKTS:NDCVF) Short Interest Update

Nordic Semiconductor ASA (OTCMKTS:NDCVF) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 401,232 shares, a drop of 77.5% from the April 15th total of 1,782,037 shares. Based on an average daily trading volume, of 5,171 shares, the days-to-cover ratio is presently 77.6 days.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Nordic Semiconductor ASA in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Nordic Semiconductor ASA Price Performance

Shares of OTCMKTS NDCVF traded up $0.80 during midday trading on Wednesday, reaching $22.00. 10,013 shares of the company traded hands, compared to its average volume of 6,190. Nordic Semiconductor ASA has a 52 week low of $12.00 and a 52 week high of $23.29. The stock has a 50-day moving average price of $17.06 and a 200 day moving average price of $14.90.

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.