Infineon Technologies AG (OTCMKTS:IFNNY) Short Interest Update

Infineon Technologies AG (OTCMKTS:IFNNY) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 23,200 shares, an increase of 9.4% from the July 15th total of 21,200 shares. Based on an average daily trading volume, of 353,600 shares, the days-to-cover ratio is presently 0.1 days.

Infineon Technologies Stock Down 0.1 %

Shares of IFNNY stock traded down $0.05 during trading on Friday, hitting $34.94. 829,879 shares of the company were exchanged, compared to its average volume of 281,823. The business’s 50-day simple moving average is $36.48 and its 200 day simple moving average is $36.52. Infineon Technologies has a twelve month low of $28.83 and a twelve month high of $42.45. The firm has a market capitalization of $45.63 billion, a price-to-earnings ratio of 16.56, a P/E/G ratio of 11.67 and a beta of 1.91. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 1.80.

Infineon Technologies (OTCMKTS:IFNNY) last posted its quarterly earnings results on Monday, August 5th. The technology company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.42 by $0.04. Infineon Technologies had a net margin of 16.48% and a return on equity of 17.84%. The business had revenue of $3.98 billion for the quarter. As a group, analysts forecast that Infineon Technologies will post 1.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Barclays upgraded Infineon Technologies to a “strong-buy” rating in a report on Monday, June 24th.

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.