THIN FILM ELECTRONICS ASA ORDINARY SHARE (OTCMKTS:TFECF) Reports Decline in Sellers; Strong Momentum for Longs

July 14, 2018 - By Hannah Black

Thin Film Electronics ASA (OTCMKTS:TFECF) Logo

The stock of THIN FILM ELECTRONICS ASA ORDINARY SHARE (OTCMKTS:TFECF) registered a decrease of 16.43% in short interest. TFECF’s total short interest was 5.36 million shares in July as published by FINRA. Its down 16.43% from 6.42 million shares, reported previously. With 91,100 shares average volume, it will take short sellers 59 days to cover their TFECF’s short positions. The short interest to THIN FILM ELECTRONICS ASA ORDINARY SHARE’s float is 0.81%.

The stock increased 7.22% or $0.017 during the last trading session, reaching $0.245. About 5,000 shares traded. Thin Film Electronics ASA (OTCMKTS:TFECF) has 0.00% since July 14, 2017 and is . It has underperformed by 12.57% the S&P500.

Thin Film Electronics ASA engages in the development, production, and commercialization of printed electronics and smart systems in Norway. The company has market cap of $234.44 million. The firm develops printed memory and systems, which include memory, sensing, display, and wireless communication. It currently has negative earnings. The Company’s products include NFC OpenSense technology that provides smartphone-centric NFC readability before and after product opening; NFC SpeedTap tags, which are wireless tags that enable smartphones to communicate with everyday objects in support of B2B and B2C use cases; and CNECT Partner Portal, a multi-tenant cloud platform that allows brands to connect with clients by enabling engagement through a direct tap or swipe of an near field communication label.

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