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

GCT Semiconductor Holding, Inc. (NYSE:GCTS) saw a large growth in short interest in the month of 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 daily trading volume, of 162,400 shares, the short-interest ratio is presently 4.6 days. Approximately 2.5% of the company’s shares are short sold.

GCT Semiconductor Stock Performance

GCTS stock opened at $2.52 on Monday. The business has a fifty day simple moving average of $2.46 and a 200-day simple moving average 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

Several institutional investors and hedge funds have recently added to or reduced their stakes in GCTS. Barclays PLC increased its position in shares of GCT Semiconductor by 321.3% in the third quarter. Barclays PLC now owns 10,799 shares of the company’s stock worth $36,000 after acquiring an additional 8,236 shares in the last quarter. Rhumbline Advisers purchased a new stake in GCT Semiconductor during the 2nd quarter worth $37,000. Bank of New York Mellon Corp acquired a new stake in GCT Semiconductor in the 2nd quarter valued at $89,000. JPMorgan Chase & Co. raised its position in GCT Semiconductor by 488.2% in the third 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. Finally, FMR LLC acquired a new position in shares of GCT Semiconductor during the third quarter worth about $134,000. 28.06% of the stock is currently owned by institutional investors and hedge funds.

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.