SuperX AI Technology Limited (NASDAQ:SUPX) Short Interest Up 111.1% in May

SuperX AI Technology Limited (NASDAQ:SUPX) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 418,726 shares, an increase of 111.1% from the May 14th total of 198,392 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 319,781 shares, the short-interest ratio is presently 1.3 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SuperX AI Technology in a report on Friday, May 8th. Wall Street Zen downgraded SuperX AI Technology from a “hold” rating to a “sell” rating in a research note on Sunday, March 15th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

SuperX AI Technology Stock Up 3.6%

SuperX AI Technology stock traded up $0.29 during mid-day trading on Monday, hitting $8.52. 70,846 shares of the company’s stock traded hands, compared to its average volume of 340,372. The firm has a 50 day moving average price of $9.02 and a 200 day moving average price of $12.78. SuperX AI Technology has a one year low of $6.61 and a one year high of $76.50.

Institutional Trading of SuperX AI Technology

Several hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its stake in SuperX AI Technology by 32.8% during the 1st quarter. Renaissance Technologies LLC now owns 57,400 shares of the semiconductor company’s stock valued at $459,000 after acquiring an additional 14,190 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of SuperX AI Technology by 14.9% in the 1st quarter. SG Americas Securities LLC now owns 101,111 shares of the semiconductor company’s stock worth $809,000 after buying an additional 13,084 shares in the last quarter. Aristides Capital LLC bought a new stake in shares of SuperX AI Technology in the 4th quarter worth $167,000. XTX Topco Ltd bought a new stake in shares of SuperX AI Technology in the 4th quarter worth $252,000. Finally, Quadrature Capital Ltd bought a new stake in shares of SuperX AI Technology in the 4th quarter worth $354,000.

SuperX AI Technology Company Profile

Supertex, Inc is a producer of high voltage analog and mixed signal semiconductor components. The Company designs, develops, manufactures, and markets integrated circuits (ICs), utilizing high voltage DMOS, HVCMOS and HVBiCMOS analog and mixed signal technologies. These ICs are used in the medical ultrasound imaging, light emitting diodes (LED) backlighting for monitors and liquid-crystal display (LCD) television (TVs), LED general lighting, telecommunications, printer, flat panel display, industrial and consumer product industries.