Plug Power Inc. (NASDAQ:PLUG), was the recipient of a large decline in short interest in the month of June. As of June 13th, there was short interest totalling 30,929,836 shares, a decline of 12.0% from the May 30th total of 35,147,026 shares, Stock Ratings News reports. Based on an average trading volume of 7,967,810 shares, the short-interest ratio is currently 3.9 days. Approximately 19.2% of the shares of the company are sold short. Plug Power Inc. (NASDAQ:PLUG), weekly performance is -5.29%. On last trading day company shares ended up $4.48. Analysts mean target price for the company is $4.88. Plug Power Inc. (NASDAQ:PLUG), distance from 50-day simple moving average (SMA50) is 1.71%.
On June 09, 2014, Corning Inc. (NYSE:GLW), is in the process of shutting down its Refractories Plant, which has been in operation in the City of Corning for 84 years. Corning Inc. (NYSE:GLW), fell 0.27% in last trading session and ended the day on $22.27. NI, Gross Margin is 35.50% and its return on assets is 4.90%. Corning Inc. (NYSE:GLW), quarterly performance is -15.96%.
Silicon Motion Technology Corp. (NASDAQ:SIMO)’s share price hit a new 52-week high on Monday after Topeka Capital Markets raised their price target on the stock from $20.00 to $27.00,Analyst Ratings News reports. Topeka Capital Markets currently has a buy rating on the stock. Silicon Motion Technology traded as high as $22.99 and last traded at $21.54, with a volume of 1,083,743 shares traded. The stock had previously closed at $21.49. Silicon Motion Technology Corp. (NASDAQ:SIMO), shares moved up 0.54% in last trading session and was closed at $21.82, while trading in range of $21.22 – 22.99. Silicon Motion Technology Corp. (SIMO), year to date (YTD) performance is 57.09%.
Shares of TE Connectivity Ltd. (NYSE:TEL), have earned an average recommendation of “Buy” from the seven brokerages that are covering the stock, StockRatingsNetwork.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $67.60. TE Connectivity Ltd. (NYSE:TEL), ended the last trading day at $63.72. Company weekly volatility is calculated as 1.27% and price to cash ratio as 18.23. TE Connectivity Ltd. (NYSE:TEL), showed a positive weekly performance of 2.87%.