Melexis NV (OTCMKTS:MLXSF) Sees Significant Drop in Short Interest

Melexis NV (OTCMKTS:MLXSF) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 18,600 shares, a decline of 17.3% from the October 15th total of 22,500 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Melexis Price Performance

Shares of MLXSF remained flat at $74.25 during mid-day trading on Friday. Melexis has a fifty-two week low of $74.25 and a fifty-two week high of $74.25. The business’s fifty day moving average is $93.91 and its 200-day moving average is $104.84.

About Melexis

Melexis NV designs, develops, tests, and markets advanced integrated semiconductor devices primarily for the automotive industry in Europe, the Middle-East, Africa, the Asia Pacific, and North and Latin America. The company provides magnetic position, current, latch and switch, inductive position, speed, pressure, tire monitoring, temperature, and optical sensors ICs and time-of-flight; embedded motor, smart, fan and pump, smart LED, and pre-driver ICs; embedded lighting; and LIN transceiver, CAN transceiver, and RFID transceivers.