Stocks

Short Interest Trend Leaders on NASDAQ Stocks: Semtech Corporation (NASDAQ:SMTC), Autodesk, Inc. (NASDAQ:ADSK), Fifth Street Finance Corp. (NASDAQ:FSC)

Short interest data is now released for the NASDAQ. It is for the settlement date of June 15, 2015. This information shows a share increase of 7,696,083 in total short interest for Autodesk, Inc. (NASDAQ:ADSK); that brings it to 4, 986,079, to a rise of 54.4% since June 29, 2015.

As for what is short interest data, it is one way to look at short info. As well, the “days to cover” measurement is used because it compares the total shares short with the average shares volume traded. Comparing the number of shares short to the average daily volume lets you figure out the total number of days to trade at the average volume.

For Autodesk, Inc. (NASDAQ:ADSK), it has a 52-week range with a low point of $48.38 per share; its high during that same time period was $65.00. At recent close it was $50.38. Regarding Fifth Street Finance Corp. (NASDAQ:FSC), it was up in short interest to 52.1%; that was over 849,080 shares. Regarding “days to cover,” that was up about 700,178 from 1. In one month, the share price decreased about -6.31%. Since the start of 2015, it has been down approximately -18.37%; recent close saw it at $6.53. Shares over this year trade in a range of $6.48 – $10.20.

Semtech Corporation (NASDAQ:SMTC) rises by 53.4%. Its daily volume, on average, is 758,864 shares. That predicts its days to cover at 3,575,411 short positions will be five; that number of short positions was seen on June 15, 2015. As for short interest on June 29, 2015, that was 2,331,531 shares. Share price is down -8.88% over the past month and -8.24% in the las week alone. The long term trend has been down since the 24th of April, 2015. Its short term trend has been down since June 24, 2015.

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