OmniVision Technologies Jumps 2% (OVTI)

Shares of OmniVision Technologies OVTI are moving higher this afternoon by 2.37%, trading at $31.09, after Steve Jobs announced that the new Apple AAPL iPad would have front and rear cameras. OVTI has been in a decisive downtrend over the past three months, but recently caught a bid and made a sharp move higher; this was likely due to some opportune, pre-emptive trading on the Apple news. Note that OVTI has 9.62% short interest. OmniVision Technologies, Inc. designs, develops and markets semiconductor image-sensor devices. Its main products, image-sensing devices, which it refers to as CameraChip image sensors, capture an image electronically and are used in a number of consumer and commercial mass-market applications.