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

GCT Semiconductor Holding, Inc. (NYSE:GCTS - Get Free Report) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 741,800 shares, an increase of 13.4% from the December 31st total of 654,000 shares. Based on an average trading volume of 162,400 shares, the short-interest ratio is currently 4.6 days. Approximately 2.5% of the company's stock are sold short.

Analysts Set New Price Targets

Separately, B. Riley dropped their price target on GCT Semiconductor from $8.00 to $5.00 and set a "buy" rating on the stock in a report on Monday.

Institutional Trading of GCT Semiconductor

Hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC boosted its holdings in GCT Semiconductor by 321.3% in the 3rd quarter. Barclays PLC now owns 10,799 shares of the company's stock valued at $36,000 after purchasing an additional 8,236 shares during the period. JPMorgan Chase & Co. grew its position in GCT Semiconductor by 488.2% during the third quarter. JPMorgan Chase & Co. now owns 27,258 shares of the company's stock valued at $91,000 after acquiring an additional 22,624 shares during the last quarter. FMR LLC purchased a new position in GCT Semiconductor in the 3rd quarter worth $134,000. Charles Schwab Investment Management Inc. boosted its holdings 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 acquiring an additional 25,183 shares during the period. Finally, Rhumbline Advisers grew its holdings in shares of GCT Semiconductor by 798.1% in the fourth quarter. Rhumbline Advisers now owns 51,327 shares of the company's stock worth $120,000 after purchasing an additional 45,612 shares during the last quarter. Institutional investors own 28.06% of the company's stock.

GCT Semiconductor Stock Up 3.7 %

Shares of GCTS stock traded up $0.08 on Thursday, hitting $2.23. 130,044 shares of the stock were exchanged, compared to its average volume of 117,806. GCT Semiconductor has a one year low of $1.98 and a one year high of $56.00. The firm's 50 day moving average is $2.44 and its two-hundred day moving average is $2.80.

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.