Integrated Media Technology Limited (NASDAQ:IMTE) Short Interest Update

Integrated Media Technology Limited (NASDAQ:IMTE) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 6,429 shares, a decline of 46.6% from the December 31st total of 12,033 shares. Based on an average daily volume of 26,524 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 26,524 shares, the short-interest ratio is presently 0.2 days.

Integrated Media Technology Stock Performance

Integrated Media Technology stock traded down $0.13 during trading hours on Friday, hitting $0.85. 120,252 shares of the stock traded hands, compared to its average volume of 3,134,925. Integrated Media Technology has a one year low of $0.50 and a one year high of $3.17. The firm’s 50-day moving average price is $0.71 and its two-hundred day moving average price is $0.91.

Integrated Media Technology Company Profile

Integrated Media Technology (NASDAQ: IMTE) is a semiconductor company specializing in digital audio processing solutions for consumer electronics, telecommunications equipment and professional audio applications. The company’s core business revolves around the design, development and sale of digital signal processing (DSP) chips, audio modules and accompanying firmware and software algorithms. Its product portfolio includes high-performance audio codecs, multi-channel DSP cores, noise reduction and echo cancellation engines, all tailored to enhance audio quality in smart speakers, soundbars, televisions, set-top boxes and conferencing devices.

In addition to standalone chips, Integrated Media Technology offers turnkey hardware modules that integrate its DSP IP with analog-to-digital converters (ADCs), digital-to-analog converters (DACs) and power management subsystems.