Thursday, December 9, 2021

AMD is on a steadily upward track of its growth in Short Interest

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Due to recent problems faced by Intel, the company’s biggest rival Advanced Micro Devices managed to get a lead over Intel. However, AMD itself boast amazing performance with its CPUs and GPUs and recently the company’s share price touched record highs a couple of weeks back.

For a couple of years now, AMD has been consistently delivering strong annual profit and revenue growths in its quarterly earnings reports, and based on its recent performance the company’s share value in the market has reached new heights. Another important factor that accelerated the growth of the share value of AMD is the fact that there are strong rumours that AMD’s highly anticipated acquisition of Xilinx Corporation will soon become completely successful.

According to data compiled from the NASDAQ exchange, states that AMD experienced short interest till the end of July and also that by then roughly 89 million AMD shares were sold ‘short’ on the market. Shares should be short means that they have been borrowed by investors and sold at a higher price hoping that a stock price drop will enable them to buy them at lower prices.

The data from NASDAQ also states that AMDs short interest stood at roughly 45 million in recent weeks. This clearly shows that AMD’s share value has nearly doubled and its share price, which closed at $81.30 in the second week of August last year, has increased by 30% to close at $106 yesterday.

Such growth in short interest was shown by AMD back in January last year when the company touched 89 million when the world was in the early stages of the ongoing pandemic. However, after that, the short interest just went downhill, after touching a thirteen-year low value of 26.6 million shares.

But, within nine months AMD’s short interest has now grown by 234% and according to various reports it will keep on following the upward trajectory. According to AMD’s latest earnings report, the company had a staggering 99% revenue growth year-over-year. Even though the sequential growth is less than impressive but stood at a healthy 12%.

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Avatar of Nivedita Bangari
Nivedita Bangari
I am a software engineer by profession and technology is my love, learning and playing with new technologies is my passion.


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