Short-term stake in O2Micro International Limited (NASDAQ:OIIM) decreases by 40.8%
O2Micro International Limited (NASDAQ:OIIM – Get Rating) was the beneficiary of a sharp decline in short-term interest 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.
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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 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 an evaluation)
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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