Short Interest of The Day: Could Actions Semiconductor Limited (NASDAQ:ACTS) Skyrocket? The Stock Had Too Little Sellers

November 23, 2016 - By Ellis Scott   ·   0 Comments

Short Interest of The Day: Could Actions Semiconductor Limited (NASDAQ:ACTS) Skyrocket? The Stock Had Too Little Sellers

The stock of Actions Semiconductor Limited (NASDAQ:ACTS) registered a decrease of 23.77% in short interest. ACTS’s total short interest was 9,300 shares in November as published by FINRA. Its down 23.77% from 12,200 shares, reported previously. With 2,800 shares average volume, it will take short sellers 3 days to cover their ACTS’s short positions. The short interest to Actions Semiconductor Limited’s float is 0.06%. The stock last traded at $2.13 per share. It is down 45.89% since April 21, 2016 and is uptrending. It has outperformed by 40.56% the S&P500.

Actions Semiconductor Co., Ltd is a holding company. The company has a market cap of $94.53 million. The Firm is a fabless semiconductor firm that designs, develops and markets integrated platform solutions, including systems-on-a-chip , firmware, software development tools and reference designs, for manufacturers of portable media players and smart handheld devices, such as Bluetooth audio and music devices, tablets and over-the-top (OTT) boxes. It currently has negative earnings. The Company’s divisions include MMP SoC for portable media players and Testing solutions.

ACTS Company Profile

Actions Semiconductor Co., Ltd, incorporated on July 27, 2005, is a holding company. The Firm is a fabless semiconductor firm that designs, develops and markets integrated platform solutions, including systems-on-a-chip (SoCs), firmware, software development tools and reference designs, for manufacturers of portable media players and smart handheld devices, such as Bluetooth audio and music devices, tablets and over-the-top (OTT) boxes. The Company’s divisions include MMP SoC for portable media players and Testing solutions. The Firm operates in China, through its subsidiaries, including Actions Semiconductor (Zhuhai), Actions (Zhuhai) Technology, Actions (Zhuhai) Microelectronics, Artek Microelectronics (Shenzhen) and Shanghai Actions Semiconductor Co., Ltd. (Shanghai Actions).

More recent Actions Semiconductor Co., Ltd. (ADR) (NASDAQ:ACTS) news were published by: Prnewswire.com which released: “Actions Semiconductor Enters Into Definitive Merger Agreement For Going …” on September 12, 2016. Also Prnewswire.com published the news titled: “Actions Semiconductor Announces Extraordinary General Meeting of Shareholders” on November 07, 2016. Globenewswire.com‘s news article titled: “Actions, Imagination, and Nibiru team to bring an immersive graphics …” with publication date: October 31, 2016 was also an interesting one.

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By Ellis Scott


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