Company shares last traded at $5.46 which is quite a bit above $4.96, the stock’s 50 day moving average and just a bit lower than the 200 day moving average of $5.62. The 50 day moving average went up by +10.08% whereas the 200 day moving average was down $-0.16 or -2.91%. 140K shares changed hands in the last trading session. Shares saw a steep increase in trading volume of 530.50% over the normal average daily volume.
Investors are feeling more bearish on shares of Semiconductor Manufacturing In recently if you consider the uptick in short interest. The stock saw a rise in short interest of 5.09% as of August 31, 2017 from the last reporting period. Short interest increased 37,388 over that timeframe. The days to cover increased to 8.0 and the percentage of shorted shares is 0.00% as of August 31.
Additionally, here are a few investment firms who have increased or decreased their stake in (SMI). As of the end of the quarter Ubs Group Ag had sold 9,098 shares trimming its position 89.3%. The value of the investment in SMI decreased from $64,000 to $6,000 a change of 90.6% for the reporting period. Tower Research Capital LLC (trc) reduced its ownership by selling 30 shares a decrease of 100.0% in the quarter. Tower Research Capital LLC (trc) now holds 0 shares valued at $0. The value of the position overall is down by nan%.
As of quarter end Aperio Group, LLC had disposed of a total of 24,757 shares trimming its stake by 24.5%. The value of the investment in Semiconductor Manufacturing In went from $634,000 to $434,000 decreasing 31.5% quarter to quarter. As of quarter end Blackrock Inc. had acquired 622 shares growing its holdings by 1.2%. The value of the total investment in Semiconductor Manufacturing In decreased from $321,000 to $295,000 a change of $26,000 quarter over quarter.
On August 10, 2017 the stock rating was changed to “Underperform” according to a Bernstein report down from the previous “Outperform” rating.
The most current P/E ratio is 16.06 and the market cap is 6.01B. In the latest earnings report the EPS was $0.34 and is estimated to be $0.14 for the current year with 1,100,000,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.06 with next year’s EPS anticipated to be $0.21.
Semiconductor Manufacturing International Corporation (SMIC), launched on April 3, 2000, is involved in the computer-aided design, manufacturing, testing, packaging, and trading of integrated circuits (ICs) and other semiconductor services, as well as designing and manufacturing semiconductor masks. The Company provides IC foundry and technology services at 0.35-micron to 28-nanometer. In addition to wafer fabrication, its service offerings include a portfolio consisting of IC design libraries, circuit design blocks, design support, mask-making, wafer probing and gold/solder bumping. The Company manufactures silicon wafers based on designs provided by its customers or third party designers..