The stock of Marvell Technology Group (NASDAQ:MRVL) registered a decrease of 6.2% in short interest. MRVL’s total short interest was 10.26M shares in March as published by FINRA. Its down 6.2% from 10.93M shares, reported previously. With 6.42 million shares average volume, it will take short sellers 2 days to cover their MRVL’s short positions. The short interest to Marvell Technology Group’s float is 2.48%. The stock increased 0.10% or $0.01 during the last trading session, hitting $9.55. About 3.28 million shares traded hands. Marvell Technology Group Ltd. (NASDAQ:MRVL) has declined 23.19% since July 23, 2015 and is downtrending. It has underperformed by 15.86% the S&P500.

Marvell Technology Group Ltd. is a fabless semiconductor well-known provider of application-specific standard products. The company has a market cap of $4.94 billion. The Firm develops System-on-a-Chip (SoC) devices. It currently has negative earnings. The Company’s product portfolio includes devices for data storage, enterprise-class Ethernet data switching, Ethernet physical-layer transceivers (PHY), mobile handsets, connectivity, Internet-of-Things (IoT) devices and other consumer electronics.

The institutional sentiment increased to 0.85 in 2015 Q3. Its up 0.21, from 0.64 in 2015Q2. The ratio is positive, as 60 funds sold all Marvell Technology Group Ltd. shares owned while 91 reduced positions. 41 funds bought stakes while 87 increased positions. They now own 316.19 million shares or 7.82% less from 343.02 million shares in 2015Q2.

Shannon River Fund Management Llc holds 2.52% of its portfolio in Marvell Technology Group Ltd. for 1.50 million shares. Raging Capital Management Llc owns 1.86 million shares or 2.21% of their US portfolio. Moreover, Harber Asset Management Llc has 2.18% invested in the company for 375,107 shares. The New York-based Bow Street Llc has invested 1.74% in the stock. Hoertkorn Richard Charles, a California-based fund reported 237,943 shares.

Out of 21 analysts covering Marvell Technology Group (NASDAQ:MRVL), 4 rate it “Buy”, 4 “Sell”, while 18 “Hold”. This means 15% are positive. Marvell Technology Group was the topic in 45 analyst reports since August 5, 2015 according to StockzIntelligence Inc.


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