Infineon Technologies AG (OTCMKTS:IFNNY) Short Interest Update

Infineon Technologies AG (OTCMKTS:IFNNY) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 198,200 shares, an increase of 10.5% from the October 15th total of 179,400 shares. Based on an average daily volume of 621,300 shares, the days-to-cover ratio is currently 0.3 days.

Infineon Technologies Price Performance

Infineon Technologies stock opened at $31.79 on Monday. The company’s 50 day simple moving average is $32.82 and its 200-day simple moving average is $35.66. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.89 and a quick ratio of 1.08. Infineon Technologies has a 1 year low of $30.06 and a 1 year high of $42.45.

Infineon Technologies (OTCMKTS:IFNNY) last posted its earnings results on Tuesday, November 12th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. The firm had revenue of $4.31 billion for the quarter. Infineon Technologies had a return on equity of 14.25% and a net margin of 8.64%. Equities research analysts forecast that Infineon Technologies will post 1.92 EPS for the current year.

Analyst Ratings Changes

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

Infineon Technologies Company Profile

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.