Infineon Technologies AG (OTCMKTS:IFNNY) Short Interest Up 22.0% in September

Infineon Technologies AG (OTCMKTS:IFNNY) saw a large increase in short interest in September. As of September 15th, there was short interest totalling 10,000 shares, an increase of 22.0% from the August 31st total of 8,200 shares. Based on an average daily volume of 521,500 shares, the short-interest ratio is presently 0.0 days.

Infineon Technologies Trading Down 3.4 %

OTCMKTS IFNNY traded down $1.23 during mid-day trading on Monday, reaching $35.07. 123,624 shares of the stock were exchanged, compared to its average volume of 270,883. The stock has a market cap of $45.80 billion, a P/E ratio of 17.20, a P/E/G ratio of 11.16 and a beta of 1.90. 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 one year low of $28.83 and a one year high of $42.45. The stock has a 50 day simple moving average of $34.06 and a 200-day simple moving average of $36.04.

Infineon Technologies (OTCMKTS:IFNNY) last announced its quarterly earnings data on Monday, August 5th. The technology company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. Infineon Technologies had a return on equity of 15.49% and a net margin of 14.08%. The company had revenue of $3.98 billion for the quarter. On average, analysts anticipate that Infineon Technologies will post 2.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Barclays upgraded shares of Infineon Technologies to a “strong-buy” rating in a report on Monday, June 24th. New Street Research upgraded Infineon Technologies to a “strong-buy” rating in a research report on Monday, September 9th.

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.