AMD’s Short Interest Keeps on Growing

The AMD stock price fluctuated between $140.72 and $152.38 throughout the trading session with the volume trading being 66M shares, which represented a positive variation when compared to the three months average volume of 51M shares.

The share price of Advanced Micro Devices, Inc. (NasdaqGS:AMD) dipped -4.43% to close Friday’s market session at $144.01, lower as compared to yesterday’s close which brings the market valuation of the company to $173.91B.

The 52-week high for the Advanced Micro Devices, Inc.’s shares is $164.46. That puts it -12.43% from that peak with a 52-week low of $72.50, while the S&P 500’s share price change was of 22.93%.

The company currently has a 46.36 P/E ratio and a price target of $141.5.

What does the trading volume tell us about the AMD stock?

During the last trading session, Advanced Micro Devices, Inc. (NasdaqGS:AMD) has seen growth in its daily volume. The daily volume was of 66M, while in the last 10 days the average was 57.88M and last three months – 51.36M.

Growing short interest

The Advanced Micro Devices, Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 75.49M shares being shorted which translates into 1.23 of a short ratio for AMD, while in the previous month the shorted shares were 69.16M.

Advanced Micro Devices, Inc.’s (NasdaqGS:AMD) financials

With a market cap of 173.91B, Advanced Micro Devices, Inc. holds a total cash of $3.61B that translates into $2.99 per share, while the total debt is of $702M.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 54.00%. The current revenue is of $14.85B that is $12.25 per share.

This is a great sign for a bright future.