Nordic Semiconductor ASA (OTCMKTS:NRSDY) Short Interest Down 97.0% in May

Nordic Semiconductor ASA (OTCMKTS:NRSDY) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 234 shares, a drop of 97.0% from the May 14th total of 7,682 shares. Based on an average daily trading volume, of 1,078 shares, the days-to-cover ratio is currently 0.2 days.

Nordic Semiconductor ASA Stock Performance

Shares of OTCMKTS NRSDY traded up $1.06 during midday trading on Thursday, reaching $18.90. 1,150 shares of the company were exchanged, compared to its average volume of 2,452. Nordic Semiconductor ASA has a 1 year low of $12.60 and a 1 year high of $23.40. The stock has a fifty day simple moving average of $19.50 and a 200 day simple moving average of $15.72.

Nordic Semiconductor ASA Company Profile

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.