MaxLinear (MXL) Moved 28% in Wild Week; Shorts Boosted Positions Near Highs
Short interest in MaxLinear, Inc. rose 34.7% to 4.15 million shares as of June 30, when the stock closed at a record $128.03. Short interest tracks shares investors borrow and sell, aiming to profit if prices drop. U.S. markets are closed over the weekend. Shares ended Friday at $91.30, down 28.7% from that high.