Short Interest in Iqe Plc (OTCMKTS:IQEPF) Increases By 202.9%

Iqe Plc (OTCMKTS:IQEPF) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 520,238 shares, a growth of 202.9% from the June 30th total of 171,729 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 2,493,933 shares, the days-to-cover ratio is currently 0.2 days.

IQE Stock Performance

Shares of OTCMKTS:IQEPF opened at $0.64 on Monday. The stock has a 50-day simple moving average of $0.61 and a 200-day simple moving average of $0.43. IQE has a 1 year low of $0.06 and a 1 year high of $0.95. The company has a current ratio of 0.76, a quick ratio of 0.53 and a debt-to-equity ratio of 0.02.

Analyst Upgrades and Downgrades

IQEPF has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of IQE in a research note on Wednesday. Panmure Gordon raised shares of IQE to a “buy” rating in a research report on Monday, July 13th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

About IQE

IQE plc is a leading global supplier of advanced wafer products and wafer-based material solutions for the semiconductor industry. Headquartered in Cardiff, Wales, the company specializes in the development and manufacturing of epitaxial wafers—ultra-thin layers of compound semiconductor materials—used in a wide range of high-performance electronic and photonic devices.

The company’s product portfolio encompasses key compound semiconductor materials such as indium phosphide, gallium arsenide, gallium nitride and silicon-germanium.