Infineon Technologies AG (OTCMKTS:IFNNY) Short Interest Update

Infineon Technologies AG (OTCMKTS:IFNNY) saw 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 trading volume, of 621,300 shares, the short-interest ratio is presently 0.3 days.

Infineon Technologies Price Performance

Infineon Technologies stock opened at $31.79 on Monday. Infineon Technologies has a fifty-two week low of $30.06 and a fifty-two week high of $42.45. The stock’s 50 day simple moving average is $32.82 and its two-hundred day simple moving average is $35.66. 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 (OTCMKTS:IFNNY) last released its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. The company 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%. As a group, equities analysts forecast that Infineon Technologies will post 1.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

IFNNY has been the topic of a number of recent research reports. New Street Research raised Infineon Technologies to a “strong-buy” rating in a research note on Monday, September 9th. Citigroup upgraded Infineon Technologies to a “strong-buy” rating in a research report on Thursday, October 10th.

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.