NeoMagic Corp. (OTCMKTS:NMGC) Short Interest Update

NeoMagic Corp. (OTCMKTS:NMGC) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 9,910 shares, an increase of ∞ from the April 15th total of 0 shares. Based on an average daily volume of 7,536 shares, the days-to-cover ratio is currently 1.3 days.

NeoMagic Price Performance

Shares of NMGC opened at $0.01 on Friday. NeoMagic has a 52-week low of $0.01 and a 52-week high of $0.02. The firm’s fifty day moving average is $0.01 and its two-hundred day moving average is $0.01.

NeoMagic Company Profile

NeoMagic Corporation (OTCMKTS:NMGC) is a fabless semiconductor company headquartered in Saratoga, California, that designs, develops and licenses integrated circuits for low-power multimedia and display applications. Leveraging third-party foundries for manufacturing, NeoMagic’s product portfolio includes system-on-a-chip solutions for portable devices, touchscreen and fingerprint sensor controllers, as well as display interface and video processing IP cores. The company’s technology aims to deliver energy-efficient performance for smartphones, tablets, IoT devices and other embedded applications.

Founded in the mid-1990s, NeoMagic first gained recognition with its MagicMedia graphics and multimedia chips, which were widely adopted by notebook computer manufacturers seeking reduced power consumption and compact form factors.