Short-term stake in O2Micro International Limited (NASDAQ:OIIM) decreases by 40.8%
O2Micro International Limited (NASDAQ: OIIM – Get a rating) benefited from a sharp fall in short-term interest rates in June. As of June 15, there was short interest totaling 139,500 shares, down 40.8% from the May 31 total of 235,600 shares. Based on an average daily trading volume of 91,100 shares, the short interest ratio is currently 1.5 days.
A number of institutional investors and hedge funds have recently changed their stock holdings. Acadian Asset Management LLC acquired a new stake in O2Micro International during Q1 valued at approximately $30,000. Ergoteles LLC purchased a new stake in O2Micro International during Q1 worth approximately $55,000. Envestnet Asset Management Inc. increased its stake in O2Micro International by 121.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 32,069 shares of the electronics maker valued at $145,000 after buying an additional 17,579 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in O2Micro International by 144.8% during the 1st quarter. Mercer Global Advisors Inc. ADV now owns 30,609 shares of the electronics maker valued at $127,000 after buying an additional 18,107 shares during the period. Finally, Jane Street Group LLC acquired a new stake in O2Micro International during the 1st quarter for a value of approximately $80,000. 38.67% of the shares are currently held by institutional investors.
Separately, StockNews.com upgraded O2Micro International from a “hold” rating to a “buy” rating in a Friday, June 10 research report.
OIIM shares were down $0.05 during Friday trading hours, hitting $3.67. 29,852 shares of the company were traded, against an average volume of 151,193. O2Micro International has a 12-month low of $2.85 and a 12-month high of $8.04. The company has a market capitalization of $106.93 million, a P/E ratio of 10.79 and a beta of 0.88. The company has a 50-day moving average price of $3.65 and a 200-day moving average price of $3.92.
O2Micro International (NASDAQ: OIIM – Get a rating) last released its quarterly earnings data on Friday, May 6. The electronics maker reported earnings per share of $0.03 for the quarter, beating analyst consensus estimates of ($0.01) by $0.04. O2Micro International had a return on equity of 10.85% and a net margin of 10.60%. The company posted revenue of $21.63 million for the quarter, versus $21.13 million expected by analysts. Sell-side analysts expect O2Micro International to post EPS of 0.24 for the current fiscal year.
About O2Micro International (Get a rating)
O2Micro International Limited, together with its subsidiaries, designs, develops and markets integrated circuits and solutions for power management components and systems in China, Singapore, Taiwan, Malaysia, Korea, Philippines, Japan , in the United States and internationally. The company offers analog and mixed-signal ICs that manage and power LCD and LED lighting; controls and monitors the charging and discharging of batteries in portable electronic devices and vehicles; performs DC/DC and AC/DC conversion; and provides functionality for selecting and switching between power sources.
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