Borqs Technologies Inc (NASDAQ:BRQS) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 3,700 shares, a growth of 5.7% from the May 30th total of 3,500 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,400 shares, the short-interest ratio is currently 1.5 days.
Shares of BRQS opened at $2.98 on Wednesday. Borqs Technologies has a 12-month low of $2.11 and a 12-month high of $11.15. The firm’s fifty day moving average price is $2.93.
Several analysts have recently commented on BRQS shares. ValuEngine cut Yext from a “strong-buy” rating to a “buy” rating in a report on Friday, May 10th. TheStreet lowered Trinity Industries from a “b” rating to a “c” rating in a research note on Thursday, April 25th.
A hedge fund recently raised its stake in Borqs Technologies stock. Intel Corp increased its position in shares of Borqs Technologies Inc (NASDAQ:BRQS) by 5.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,016,696 shares of the company’s stock after acquiring an additional 217,524 shares during the quarter. Borqs Technologies comprises about 5.8% of Intel Corp’s investment portfolio, making the stock its 3rd largest position. Intel Corp owned approximately 12.48% of Borqs Technologies worth $19,200,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 24.88% of the company’s stock.
About Borqs Technologies
Borqs Technologies, Inc, through its subsidiaries, provides development services, software solutions, and products for Android-based smart connected devices in China, India, the United States, and internationally. It operates through two segments, Mobile Virtual Network Operator Services and Connected Solutions.
Further Reading: Understanding Market Liquidity
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