Short Interest in GCT Semiconductor Holding, Inc. (NYSE:GCTS) Decreases By 6.0%

GCT Semiconductor Holding, Inc. (NYSE:GCTS - Get Free Report) saw a large decline in short interest during the month of 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. Currently, 2.2% of the company's stock are sold short. Based on an average daily volume of 161,600 shares, the days-to-cover ratio is presently 4.0 days.

Institutional Investors Weigh In On GCT Semiconductor

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers acquired a new stake in shares of GCT Semiconductor during the 2nd quarter valued at approximately $37,000. Barclays PLC raised 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 period. Geode Capital Management LLC lifted its position in shares of GCT Semiconductor by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 423,584 shares of the company's stock worth $1,419,000 after buying an additional 8,458 shares during the last quarter. State Street Corp boosted its holdings in shares of GCT Semiconductor by 10.9% in the 3rd 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. Finally, Bank of New York Mellon Corp bought a new stake in shares of GCT Semiconductor during the 2nd quarter valued at about $89,000. Institutional investors own 28.06% of the company's stock.

GCT Semiconductor Stock Down 1.7 %

Shares of NYSE:GCTS traded down $0.04 during midday trading on Wednesday, reaching $2.33. The company had a trading volume of 188,504 shares, compared to its average volume of 410,148. GCT Semiconductor has a one year low of $2.12 and a one year high of $56.00. The stock's fifty day moving average price is $2.48 and its 200-day moving average price is $3.28.

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.