u-blox Holding AG (OTCMKTS:UBLXF) Short Interest Up 700.0% in May

u-blox Holding AG (OTCMKTS:UBLXFGet Rating) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 800 shares, a growth of 700.0% from the April 30th total of 100 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 8.0 days.

Shares of UBLXF stock remained flat at $$79.75 during trading on Wednesday. The company has a 50-day moving average price of $84.06 and a 200-day moving average price of $75.20. u-blox has a 12 month low of $63.74 and a 12 month high of $93.00.

UBLXF has been the topic of a number of analyst reports. Credit Suisse Group upped their target price on u-blox from CHF 65 to CHF 77 and gave the company a “neutral” rating in a research note on Monday, March 14th. Kepler Capital Markets upgraded u-blox to a “hold” rating and set a $80.00 price objective for the company in a report on Monday, March 14th. Finally, UBS Group increased their price target on u-blox from CHF 70 to CHF 75 in a research report on Monday, March 14th.

About u-blox (Get Rating)

u-blox Holding AG develops, manufactures, and markets products and services supporting GPS/GNSS satellite positioning systems for the automotive, industrial, and consumer markets worldwide. The company operates in two segments, Positioning and Wireless Products, and Wireless Services. The Positioning and Wireless Products segment develops and sells chips and modules designed for positioning and wireless connectivity.

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