Short Interest in Infineon Technologies AG (OTCMKTS:IFNNY) Decreases By 90.9%

Infineon Technologies AG (OTCMKTS:IFNNY) was the target of a large decline in short interest in June. As of June 15th, there was short interest totalling 2,200 shares, a decline of 90.9% from the May 31st total of 24,200 shares. Based on an average daily volume of 758,900 shares, the days-to-cover ratio is presently 0.0 days.

Infineon Technologies Trading Down 1.4 %

Shares of OTCMKTS:IFNNY traded down $0.50 during trading hours on Thursday, hitting $36.46. The company’s stock had a trading volume of 101,329 shares, compared to its average volume of 274,068. Infineon Technologies has a 52 week low of $28.83 and a 52 week high of $44.46. The company has a current ratio of 1.80, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27. The firm’s fifty day moving average price is $38.22 and its 200 day moving average price is $37.46.

Infineon Technologies (OTCMKTS:IFNNY) last posted its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.40 by $0.06. The firm had revenue of $3.94 billion during the quarter. Infineon Technologies had a net margin of 16.48% and a return on equity of 17.84%. On average, sell-side analysts anticipate that Infineon Technologies will post 2 EPS for the current year.

Analysts Set New Price Targets

Separately, Barclays upgraded shares of Infineon Technologies to a “strong-buy” rating in a report on Monday.

About Infineon Technologies

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.