GCT Semiconductor Holding, Inc. (NYSE:GCTS) Short Interest Up 13.4% in December

GCT Semiconductor Holding, Inc. (NYSE:GCTS) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 741,800 shares, an increase of 13.4% from the December 15th total of 654,000 shares. Approximately 2.5% of the shares of the company are sold short. Based on an average daily trading volume, of 162,400 shares, the days-to-cover ratio is currently 4.6 days.

Institutional Investors Weigh In On GCT Semiconductor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers purchased a new stake in shares of GCT Semiconductor in the second quarter worth $37,000. Barclays PLC increased its stake in GCT Semiconductor by 321.3% in the 3rd quarter. Barclays PLC now owns 10,799 shares of the company’s stock worth $36,000 after buying an additional 8,236 shares in the last quarter. Geode Capital Management LLC increased its stake in GCT Semiconductor by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 423,584 shares of the company’s stock worth $1,419,000 after buying an additional 8,458 shares in the last quarter. State Street Corp raised its holdings in GCT Semiconductor by 10.9% during the third quarter. State Street Corp now owns 150,095 shares of the company’s stock valued at $503,000 after acquiring an additional 14,786 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of GCT Semiconductor in the second quarter valued at about $89,000. Institutional investors own 28.06% of the company’s stock.

GCT Semiconductor Stock Up 2.2 %

NYSE GCTS opened at $2.52 on Monday. The stock’s 50-day moving average price is $2.46 and its 200-day moving average price is $3.06. GCT Semiconductor has a 52 week low of $2.12 and a 52 week high of $56.00.

About GCT Semiconductor

GCT Semiconductor Holding, Inc, operates as a fabless semiconductor company, designs, develops, and markets integrated circuits for the wireless semiconductor industry. The company provides RF and modem chipsets based on 4G LTE technology, including 4G LTE, 4.5G LTE Advanced, and 4.75G LTE Advanced-Pro.