LSCC’s short interest reaches 12.81 million shares on Jan 31, 2024

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Lattice Semiconductor Corp. shares valued at $615,000 were sold by ABRAMS ROBIN ANN on Jan 11. At $65.96 per share, ABRAMS ROBIN ANN sold 9,324 shares. The insider’s holdings dropped to 820 shares worth approximately $61073.600000000006 following the completion of this transaction.

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Also, ANDERSON JAMES ROBERT sold 32,122 shares, netting a total of over 1,893,744 in proceeds. Following the sale of shares at $58.95 each, the insider now holds 721,767 shares.

Before that, NELSON MARK JON had sold 20,293 shares from its account. In a trade valued at $1,168,763, the SVP, Sales traded Lattice Semiconductor Corp. shares for $57.59 each. Upon closing the transaction, the insider’s holdings decreased to 20,293 shares, worth approximately $1.08 million.

As published in their initiating research note from Deutsche Bank on November 30, 2023, Lattice Semiconductor Corp. [LSCC] has been a Buy and the price target has been revised to $70.

Analyzing LSCC Stock Performance

During the last five days, there has been a surge of approximately 9.45%. Over the course of the year, Lattice Semiconductor Corp. shares have jumped approximately 7.96%. Shares of the company reached a 52-week high of $77.26 on 02/14/24 and a 52-week low of $59.35 on 01/31/24. A 50-day SMA is recorded $66.65, while a 200-day SMA reached $77.71. Nevertheless, trading volume fell to 3.32 million shares from 10.08 million shares the previous day.

Support And Resistance Levels for Lattice Semiconductor Corp. (LSCC)

According to the 24-hour chart, there is a support level at 73.50, which, if violated, would cause prices to drop to 72.52. In the upper region, resistance lies at 76.24. The next price resistance is at 78.00. RSI (Relative Strength Index) is 65.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.01, which suggests the price will increase in the coming days. Percent R is at 15.52%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

Is Lattice Semiconductor Corp. subject to short interest?

Stocks of Lattice Semiconductor Corp. saw a sharp rise in short interest on Jan 31, 2024 jumping by 1.33 million shares to 12.81 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2023 was 11.48 million shares. A jump of 10.38% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.8 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.8.

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