Nordic Semiconductor ASA (OTCMKTS:NDCVF) Short Interest Update

Nordic Semiconductor ASA (OTCMKTS:NDCVF) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 401,232 shares, a drop of 77.5% from the April 15th total of 1,782,037 shares. Based on an average daily volume of 5,171 shares, the days-to-cover ratio is presently 77.6 days.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Nordic Semiconductor ASA in a report on Wednesday, April 29th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Nordic Semiconductor ASA currently has an average rating of “Sell”.

Nordic Semiconductor ASA Stock Performance

Shares of NDCVF stock traded up $0.17 during trading hours on Friday, hitting $22.30. 8,530 shares of the company were exchanged, compared to its average volume of 6,136. Nordic Semiconductor ASA has a fifty-two week low of $12.03 and a fifty-two week high of $23.29. The company has a 50 day simple moving average of $17.38 and a two-hundred day simple moving average of $15.00.

Nordic Semiconductor ASA Company Profile

Nordic Semiconductor ASA is a Norway-based fabless semiconductor company specializing in ultra-low-power wireless communication solutions for the Internet of Things (IoT). Founded in 1983 and headquartered in Trondheim, the company designs and markets integrated circuits (ICs) and related software for short-range wireless applications. Its portfolio includes SoCs and modules supporting Bluetooth Low Energy, Thread, Zigbee, ANT and proprietary 2.4?GHz protocols, as well as cellular IoT technologies such as LTE-M and NB-IoT.

Nordic’s flagship product families, including the nRF52, nRF53 and nRF54 series, enable battery-powered devices across a wide range of markets.