Infineon Technologies AG (OTCMKTS:IFNNY) Short Interest Update

Infineon Technologies AG (OTCMKTS:IFNNY) 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.

Infineon Technologies Stock Performance

Infineon Technologies stock opened at $37.79 on Tuesday. The firm’s 50 day simple moving average is $36.71 and its 200-day simple moving average is $34.30. The company has a market cap of $49.35 billion, a P/E ratio of 48.45, a price-to-earnings-growth ratio of 2.39 and a beta of 1.92. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.90 and a quick ratio of 1.13. Infineon Technologies has a fifty-two week low of $30.06 and a fifty-two week high of $41.84.

Infineon Technologies (OTCMKTS:IFNNY) 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.