Short Interest in SuperX AI Technology Limited (NASDAQ:SUPX) Declines By 46.4%

SuperX AI Technology Limited (NASDAQ:SUPX) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 198,392 shares, a decrease of 46.4% from the April 30th total of 370,242 shares. Based on an average trading volume of 266,711 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.7% of the shares of the stock are sold short.

Hedge Funds Weigh In On SuperX AI Technology

A number of institutional investors and hedge funds have recently made changes to their positions in SUPX. Public Employees Retirement System of Ohio purchased a new stake in shares of SuperX AI Technology during the 4th quarter valued at about $33,000. Barclays PLC purchased a new position in SuperX AI Technology in the fourth quarter worth about $41,000. Aristides Capital LLC bought a new stake in SuperX AI Technology during the fourth quarter worth approximately $167,000. California State Teachers Retirement System bought a new stake in SuperX AI Technology during the fourth quarter worth approximately $168,000. Finally, XTX Topco Ltd purchased a new stake in SuperX AI Technology during the fourth quarter valued at approximately $252,000.

Wall Street Analyst Weigh In

SUPX has been the topic of a number of research reports. Wall Street Zen downgraded shares of SuperX AI Technology from a “hold” rating to a “sell” rating in a report on Sunday, March 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of SuperX AI Technology in a report on Friday, May 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

SuperX AI Technology Stock Up 7.6%

Shares of NASDAQ SUPX traded up $0.72 during midday trading on Monday, reaching $10.20. 15,408 shares of the stock traded hands, compared to its average volume of 341,609. The company’s 50 day moving average is $8.84 and its 200 day moving average is $15.28. SuperX AI Technology has a one year low of $6.61 and a one year high of $76.50.

About SuperX AI Technology

Supertex, Inc is a producer of high voltage analog and mixed signal semiconductor components. The Company designs, develops, manufactures, and markets integrated circuits (ICs), utilizing high voltage DMOS, HVCMOS and HVBiCMOS analog and mixed signal technologies. These ICs are used in the medical ultrasound imaging, light emitting diodes (LED) backlighting for monitors and liquid-crystal display (LCD) television (TVs), LED general lighting, telecommunications, printer, flat panel display, industrial and consumer product industries.