Infineon Technologies AG (OTCMKTS:IFNNY) Short Interest Update

Infineon Technologies AG (OTCMKTS:IFNNY) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 222,780 shares, a growth of 132.6% from the January 15th total of 95,760 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 782,228 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 782,228 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are short sold.

Infineon Technologies Price Performance

Shares of OTCMKTS:IFNNY traded down $0.61 during midday trading on Thursday, hitting $51.23. 34,540 shares of the stock were exchanged, compared to its average volume of 278,098. Infineon Technologies has a twelve month low of $25.80 and a twelve month high of $52.75. The company has a current ratio of 1.70, a quick ratio of 0.98 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average price of $46.48 and a 200-day moving average price of $42.10. The stock has a market cap of $62.94 billion, a P/E ratio of 55.09, a PEG ratio of 0.98 and a beta of 1.80.

Infineon Technologies (OTCMKTS:IFNNY) last issued its quarterly earnings data on Wednesday, February 4th. The technology company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The firm had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $3.65 billion. Infineon Technologies had a net margin of 7.51% and a return on equity of 11.37%. On average, research analysts forecast that Infineon Technologies will post 1.61 earnings per share for the current year.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Infineon Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Infineon Technologies Company Profile

Infineon Technologies AG (OTCMKTS:IFNNY) is a global semiconductor manufacturer that develops, manufactures and markets a broad range of semiconductor and system solutions. The company’s product portfolio includes power semiconductors and modules, microcontrollers and system-on-chip (SoC) solutions, analog and mixed-signal components, sensors and security controllers. Infineon’s technologies are used to enable energy-efficient power conversion, electrification, connectivity and secure data processing across multiple end markets.

Infineon was formed as a spin-off from Siemens AG in 1999 and is headquartered near Munich in Neubiberg, Germany.