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

GCT Semiconductor Holding, Inc. (NYSE:GCTS) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totalling 654,000 shares, a decline of 6.0% from the November 30th total of 696,000 shares. Approximately 2.2% of the shares of the company are sold short. Based on an average trading volume of 161,600 shares, the short-interest ratio is currently 4.0 days.

Hedge Funds Weigh In On GCT Semiconductor

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC bought a new position in shares of GCT Semiconductor in the third quarter valued at approximately $134,000. Charles Schwab Investment Management Inc. boosted its stake in GCT Semiconductor by 141.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 42,932 shares of the company’s stock valued at $144,000 after purchasing an additional 25,183 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of GCT Semiconductor by 488.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,258 shares of the company’s stock valued at $91,000 after purchasing an additional 22,624 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of GCT Semiconductor in the 2nd quarter worth $89,000. Finally, State Street Corp lifted its holdings in shares of 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 buying an additional 14,786 shares during the period. Institutional investors own 28.06% of the company’s stock.

GCT Semiconductor Price Performance

NYSE:GCTS opened at $2.33 on Thursday. GCT Semiconductor has a 1 year low of $2.12 and a 1 year high of $56.00. The business has a fifty day moving average of $2.48 and a 200-day moving average of $3.28.

GCT Semiconductor Company Profile

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.