Short Interest in Infineon Technologies AG (OTCMKTS:IFNNY) Rises By 318.2%

by · The Cerbat Gem

Infineon Technologies AG (OTCMKTS:IFNNY – Get Free Report) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totalling 179,400 shares, a growth of 318.2% from the September 30th total of 42,900 shares. Based on an average daily volume of 442,200 shares, the days-to-cover ratio is presently 0.4 days.

Infineon Technologies Stock Down 0.6 %

Shares of OTCMKTS:IFNNY traded down $0.20 on Friday, hitting $33.00. The stock had a trading volume of 173,982 shares, compared to its average volume of 289,684. The firm’s 50 day moving average price is $33.80 and its 200-day moving average price is $35.87. The company has a quick ratio of 1.08, a current ratio of 1.89 and a debt-to-equity ratio of 0.26. Infineon Technologies has a twelve month low of $28.83 and a twelve month high of $42.45.

Infineon Technologies (OTCMKTS:IFNNY – Get Free Report) last announced its earnings results on Monday, August 5th. The technology company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.42 by $0.04. The company had revenue of $3.98 billion for the quarter. Infineon Technologies had a return on equity of 15.49% and a net margin of 14.08%. Research analysts forecast that Infineon Technologies will post 2.02 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on IFNNY shares. New Street Research upgraded Infineon Technologies to a “strong-buy” rating in a report on Monday, September 9th. Citigroup raised Infineon Technologies to a “strong-buy” rating in a report on Thursday, October 10th.

View Our Latest Report on IFNNY

About Infineon Technologies

(Get Free Report)

Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and semiconductor-based solutions worldwide. Its Automotive segment offers automotive microcontrollers; 3D ToF, magnetic, and pressure sensors; discrete power semiconductors; IGBT modules; industrial microcontrollers; power and memory ICs; transceivers; diodes, MOSEFTs, and modules; and voltage regulators for use in assistance and safety systems, comfort electronics, infotainment, powertrain, and security products.

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