Borqs Technologies Inc (NASDAQ:BRQS) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 2,100 shares, a decline of 38.2% from the July 31st total of 3,400 shares. Based on an average daily trading volume, of 1,500 shares, the short-interest ratio is presently 1.4 days. Approximately 0.0% of the shares of the company are short sold.
An institutional investor recently raised its position in Borqs Technologies stock. Intel Corp lifted its holdings in Borqs Technologies Inc (NASDAQ:BRQS) by 5.7% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,016,696 shares of the company’s stock after buying an additional 217,524 shares during the period. Borqs Technologies makes up approximately 5.8% of Intel Corp’s portfolio, making the stock its 3rd biggest holding. Intel Corp owned 12.48% of Borqs Technologies worth $19,200,000 at the end of the most recent quarter. Institutional investors own 24.87% of the company’s stock.
Shares of NASDAQ BRQS traded up $0.37 during midday trading on Friday, reaching $2.15. The company’s stock had a trading volume of 46 shares, compared to its average volume of 682. Borqs Technologies has a 12-month low of $1.65 and a 12-month high of $11.15. The firm has a 50 day moving average price of $2.21 and a 200-day moving average price of $3.34.
Borqs Technologies Company Profile
Borqs Technologies, Inc, through its subsidiaries, provides development services, software solutions, and products for Android-based smart connected devices in China, India, the United States, and internationally. It operates through two segments, Mobile Virtual Network Operator Services and Connected Solutions.
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