Hopefully Christopher, after next week, there will be even less of a reason to be short AMCC.
"The institutional sentiment increased to 1.48 in Q2 2015. Its up 0.20, from 1.28 in 2015Q1. The ratio is positive, as 17 funds sold all Applied Micro Circuits Corporation shares owned while 29 reduced positions. 25 funds bought stakes while 43 increased positions. They now own 62.39 million shares or 9.42% more from 57.02 million shares in 2015Q1."
Now is that because AMCC will rise in 2016, there are other stocks in worse shape that will decline more, something else, or some combination of one or more of the previously mentioned items?
The ongoing decline in short interest is good news. Thanks for posting Chris.