NeoMagic Corp. (OTCMKTS:NMGC – Get Free Report) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 8,160 shares, an increase of 716.0% from the May 14th total of 1,000 shares. Based on an average daily trading volume, of 20,409 shares, the short-interest ratio is currently 0.4 days.
NeoMagic Stock Performance
OTCMKTS NMGC opened at $0.01 on Friday. NeoMagic has a 1-year low of $0.01 and a 1-year high of $0.02. The company has a 50 day moving average of $0.01 and a 200-day moving average of $0.01.
NeoMagic Company Profile
NeoMagic Corporation (OTCMKTS:NMGC) is a fabless semiconductor company headquartered in Saratoga, California, that designs, develops and licenses integrated circuits for low-power multimedia and display applications. Leveraging third-party foundries for manufacturing, NeoMagic’s product portfolio includes system-on-a-chip solutions for portable devices, touchscreen and fingerprint sensor controllers, as well as display interface and video processing IP cores. The company’s technology aims to deliver energy-efficient performance for smartphones, tablets, IoT devices and other embedded applications.
Founded in the mid-1990s, NeoMagic first gained recognition with its MagicMedia graphics and multimedia chips, which were widely adopted by notebook computer manufacturers seeking reduced power consumption and compact form factors.
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