Short Interest in Infineon Technologies AG (OTCMKTS:IFNNY) Expands By 79.2%

Infineon Technologies AG (OTCMKTS:IFNNY) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 129,200 shares, an increase of 79.2% from the December 15th total of 72,100 shares. Based on an average daily volume of 416,600 shares, the short-interest ratio is currently 0.3 days.

Infineon Technologies Stock Performance

IFNNY stock opened at $34.24 on Friday. Infineon Technologies has a 52-week low of $30.06 and a 52-week high of $41.84. The company’s 50 day simple moving average is $32.95 and its 200-day simple moving average is $33.86. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.13 and a current ratio of 1.90.

Infineon Technologies (OTCMKTS:IFNNY) last released its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. Infineon Technologies had a net margin of 8.64% and a return on equity of 14.27%. The business had revenue of $4.31 billion for the quarter. On average, equities research analysts anticipate that Infineon Technologies will post 1.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded shares of Infineon Technologies to a “strong-buy” rating in a report on Thursday, October 10th.

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.