2. OCZ Technology Group, Inc. ( OCZ): Designs, develops, manufactures, and distributes computer components for computing devices and systems worldwide. Market cap at $140.71M, most recent closing price at $2.08. Short-sellers reduced their bearish position in OCZ (OCZ) by 9.5%. Shares plunged 10.2% after the short-volume decline. OCZ said revenue is expected to be between $65M-$85M for Q2 and Q3 ending August and November 2012, respectively.
3. CIENA Corp. ( CIEN): Provides communications networking equipment, software, and services that support the transport, switching, aggregation, and management of voice, video, and data traffic. Market cap at $1.64B, most recent closing price at $16.15. CIENA rose steadily throughout February, after open short- volume declined 7.5% to 17.28M shares. Its competitor, JDS Uniphase ( JDSU) reported very strong earnings and gave strong guidance. The optical components and testing segment remains very strong.
4. Cree, Inc. ( CREE): Develops and manufactures light emitting diode (LED) products, silicon carbide (SiC) and gallium nitride (GaN) material products, and power and radio frequency (RF) products. Market cap at $5.33B, most recent closing price at $45.72. Cree rallied significantly, and is up nearly 50% for the quarter. A short-squeeze scared off some bearish investors, as open short-selling declined 5.5% to 15.1M shares. Cree’s Q2 results were strong, and guidance for next quarter is even better. The company’s vertical integration from retail to supply is on-track to allay worries of weakness ahead. Cree named Mike McDevitt as interim CFO as its new permanent CFO.