Short Interest Coverage: Can Dsp Group Incorporated (NASDAQ:DSPG)’s Tomorrow be Different? The Stock Had Increase in Shorts

December 1, 2016 - By Dolores Ford   ·   0 Comments

Short Interest Coverage: Can Dsp Group Incorporated (NASDAQ:DSPG)’s Tomorrow be Different? The Stock Had Increase in Shorts

The stock of Dsp Group Incorporated (NASDAQ:DSPG) registered an increase of 24.92% in short interest. DSPG’s total short interest was 279,200 shares in December as published by FINRA. Its up 24.92% from 223,500 shares, reported previously. With 78,000 shares average volume, it will take short sellers 4 days to cover their DSPG’s short positions. The short interest to Dsp Group Incorporated’s float is 1.54%. About 17,865 shares traded hands. DSP Group, Inc. (NASDAQ:DSPG) has risen 29.14% since April 28, 2016 and is uptrending. It has outperformed by 23.21% the S&P500.

DSP Group, Inc. is a provider of wireless chipset solutions for converged communications. The company has a market cap of $241.73 million. The Firm delivers semiconductor system solutions with software and hardware reference creates and enables original equipment manufacturers , original design manufacturers (ODMs), consumer electronics (CE) manufacturers and service providers to develop products. It has a 81.6 P/E ratio. The Firm operates through three divisions: Home, Office and Mobile.

Insitutional Activity: The institutional sentiment increased to 1.72 in 2016 Q2. Its up 0.89, from 0.83 in 2016Q1. The ratio increased, as 5 funds sold all DSP Group, Inc. shares owned while 35 reduced positions. 11 funds bought stakes while 22 increased positions. They now own 16.64 million shares or 1.70% less from 16.93 million shares in 2016Q1.
The Cayman Islands-based Ion Asset Limited has invested 1.03% in DSP Group, Inc. (NASDAQ:DSPG). Ny State Teachers Retirement holds 0% of its portfolio in DSP Group, Inc. (NASDAQ:DSPG) for 62,491 shares. Tygh Cap Inc holds 196,859 shares or 0.59% of its portfolio. Earnest Lc has 1,200 shares for 0% of their US portfolio. Kennedy Cap Mgmt Inc holds 0.04% of its portfolio in DSP Group, Inc. (NASDAQ:DSPG) for 201,139 shares. Alliancebernstein Ltd Partnership, a New York-based fund reported 25,300 shares. Soros Fund Limited Liability Com accumulated 14,872 shares or 0% of the stock. Voya Invest Lc has 0% invested in the company for 14,999 shares. Zacks Investment has 0.02% invested in the company for 58,295 shares. Arizona State Retirement has invested 0% of its portfolio in DSP Group, Inc. (NASDAQ:DSPG). Geode Cap Management Ltd owns 155,017 shares or 0% of their US portfolio. Northern Tru reported 240,910 shares or 0% of all its holdings. Cadence Capital Mgmt Llc owns 105,779 shares or 0.08% of their US portfolio. Texas Permanent School Fund has 16,607 shares for 0% of their US portfolio. Blackrock Advisors Ltd, a Delaware-based fund reported 608,074 shares.

Insider Transactions: Since August 10, 2016, the stock had 0 buys, and 3 selling transactions for $793,689 net activity. Levy Dror sold $139,904 worth of stock or 11,937 shares. Elyakim Ofer sold $539,295 worth of DSP Group, Inc. (NASDAQ:DSPG) on Wednesday, August 24.

DSP Group, Inc. (NASDAQ:DSPG) Ratings Coverage

Out of 3 analysts covering DSP Group (NASDAQ:DSPG), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. DSP Group has been the topic of 7 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, July 31 by Needham. The rating was initiated by Roth Capital with “Buy” on Thursday, September 1. The stock of DSP Group, Inc. (NASDAQ:DSPG) earned “Buy” rating by TheStreet on Tuesday, August 18. The firm earned “Buy” rating on Friday, July 31 by Wunderlich. Needham maintained DSP Group, Inc. (NASDAQ:DSPG) rating on Wednesday, February 3. Needham has “Buy” rating and $10 price target. Wunderlich maintained the stock with “Buy” rating in Tuesday, September 6 report. The company was maintained on Tuesday, August 2 by Needham.

DSPG Company Profile

DSP Group, Inc., incorporated on October 23, 1993, is a well-known provider of wireless chipset solutions for converged communications. The Firm delivers semiconductor system solutions with software and hardware reference creates and enables original equipment manufacturers (OEMs), original design manufacturers (ODMs), consumer electronics (CE) manufacturers and service providers to develop products. The Firm operates through three divisions: Home, Office and Mobile. It provides a portfolio of wireless chipsets integrating Digital Enhanced Cordless Telecommunications (DECT), Cordless Advanced Technology-Internet Quality (CAT-iq), Ultra Low Energy (ULE), Wireless Fidelity (Wi-Fi), Public Switched Telephone Network (PSTN), HDClear, video and Voice over Internet Protocol (VoIP) technologies. The Firm enables converged voice, audio and data connectivity across mobile, consumer and enterprise products, including connected multimedia terminals, mobile and wearable devices, home automation and security, cordless phones, VoIP systems and home gateways. It offers wireless voice and data transmission solutions for various applications, including mobile handsets. The Company’s technologies include Direct Sequence Spread Spectrum (DSSS), Frequency Hopping Spread Spectrum (FHSS), Orthogonal Frequency Digital Modulation (OFDM), Digital Narrow Band, Complementary Metal Oxide Semiconductor (CMOS), Gallium Arsenide (GaAs) technology and Silicon Germanium (SiGe) radio frequency (RF) chips. It offers systems-on-a-chip (SoC) and solution for VoIP, home, small office/home office (SoHo) and office IP phones.

Another recent and important DSP Group, Inc. (NASDAQ:DSPG) news was published by Marketwatch.com which published an article titled: “/quotes/zigman/3870025/realtime” on March 29, 2011.

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By Dolores Ford


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