Short Interest in Nordic Semiconductor ASA (OTCMKTS:NDCVF) Declines By 19.2%

Nordic Semiconductor ASA (OTCMKTS:NDCVF) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 664,400 shares, a drop of 19.2% from the February 13th total of 822,600 shares. Based on an average daily volume of 1,500 shares, the short-interest ratio is presently 442.9 days.

Nordic Semiconductor ASA Trading Up 7.1 %

Shares of Nordic Semiconductor ASA stock traded up $0.84 during trading on Wednesday, reaching $12.59. The company’s stock had a trading volume of 156 shares, compared to its average volume of 2,146. The business’s 50-day moving average price is $11.40 and its 200-day moving average price is $10.41. Nordic Semiconductor ASA has a 52 week low of $7.18 and a 52 week high of $14.50.

About Nordic Semiconductor ASA

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.