GCT Semiconductor Holding, Inc. (NYSE:GCTS) Short Interest Update

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

GCT Semiconductor Trading Up 2.2 %

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

Institutional Investors Weigh In On GCT Semiconductor

Hedge funds and other institutional investors have recently modified their holdings of the company. Rhumbline Advisers acquired a new stake in GCT Semiconductor during the second quarter worth approximately $37,000. Barclays PLC boosted its holdings in shares of GCT Semiconductor by 321.3% during the third quarter. Barclays PLC now owns 10,799 shares of the company’s stock worth $36,000 after purchasing an additional 8,236 shares during the last quarter. Geode Capital Management LLC grew its position in shares of GCT Semiconductor by 2.0% in the third quarter. Geode Capital Management LLC now owns 423,584 shares of the company’s stock valued at $1,419,000 after purchasing an additional 8,458 shares during the period. State Street Corp increased its stake in GCT Semiconductor by 10.9% in the third quarter. State Street Corp now owns 150,095 shares of the company’s stock valued at $503,000 after purchasing an additional 14,786 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in GCT Semiconductor during the second quarter worth about $89,000. 28.06% of the stock is currently owned by hedge funds and other institutional investors.

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.