Infineon Technologies AG (OTCMKTS:IFNNF) Sees Significant Increase in Short Interest

Infineon Technologies AG (OTCMKTS:IFNNF) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 2,830,300 shares, an increase of 5.8% from the December 31st total of 2,673,900 shares. Based on an average daily volume of 14,600 shares, the days-to-cover ratio is presently 193.9 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Infineon Technologies stock. Eagle Bay Advisors LLC purchased a new position in shares of Infineon Technologies AG (OTCMKTS:IFNNF) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,100 shares of the company’s stock, valued at approximately $39,000. Institutional investors and hedge funds own 44.76% of the company’s stock.

Infineon Technologies Trading Up 3.8 %

IFNNF stock opened at $33.59 on Monday. The business’s fifty day moving average price is $33.68 and its 200 day moving average price is $33.41. Infineon Technologies has a 12-month low of $29.80 and a 12-month high of $41.79.

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.