Infineon Technologies AG (OTCMKTS:IFNNY – Get Free Report) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 60,700 shares, a decline of 25.7% from the February 13th total of 81,700 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 414,900 shares, the days-to-cover ratio is currently 0.1 days.
Wall Street Analyst Weigh In
Separately, Susquehanna raised shares of Infineon Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 28th.
Get Our Latest Stock Report on IFNNY
Infineon Technologies Stock Performance
Infineon Technologies (OTCMKTS:IFNNY – Get Free Report) last released its earnings results on Tuesday, February 4th. The technology company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.10. Infineon Technologies had a net margin of 6.49% and a return on equity of 12.55%. As a group, equities research analysts predict that Infineon Technologies will post 1.61 EPS for the current year.
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.
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