Nordic Semiconductor ASA (OTCMKTS:NRSDY) Sees Significant Growth in Short Interest

Nordic Semiconductor ASA (OTCMKTS:NRSDY) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 7,682 shares, an increase of 29,446.2% from the April 30th total of 26 shares. Based on an average trading volume of 9,711 shares, the short-interest ratio is presently 0.8 days.

Nordic Semiconductor ASA Price Performance

NRSDY stock remained flat at $22.03 during mid-day trading on Wednesday. 3,557 shares of the company’s stock traded hands, compared to its average volume of 3,193. Nordic Semiconductor ASA has a 52 week low of $12.60 and a 52 week high of $23.40. The stock’s fifty day moving average is $18.25 and its two-hundred day moving average is $15.14.

Nordic Semiconductor ASA Company Profile

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.