Infineon Technologies AG (OTCMKTS:IFNNF) Sees Large Growth in Short Interest

Infineon Technologies AG (OTCMKTS:IFNNF) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 4,047,200 shares, a growth of 45.6% from the January 15th total of 2,780,300 shares. Based on an average trading volume of 34,000 shares, the days-to-cover ratio is presently 119.0 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Infineon Technologies stock. Eagle Bay Advisors LLC purchased a new stake in Infineon Technologies AG (OTCMKTS:IFNNF) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,100 shares of the company’s stock, valued at approximately $39,000. 44.76% of the stock is currently owned by institutional investors and hedge funds.

Infineon Technologies Price Performance

IFNNF stock opened at $39.20 on Friday. Infineon Technologies has a 1-year low of $29.80 and a 1-year high of $41.79. The business’s 50 day simple moving average is $34.44 and its 200 day simple moving average is $33.51.

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.