Integrated Media Technology Limited (NASDAQ:IMTE) Short Interest Up 323.9% in August

Integrated Media Technology Limited (NASDAQ:IMTE) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 55,494 shares, an increase of 323.9% from the July 30th total of 13,091 shares. Based on an average daily volume of 1,236,271 shares, the days-to-cover ratio is presently 0.0 days. Approximately 1.6% of the shares of the stock are short sold.

Integrated Media Technology Stock Down 6.0%

Shares of IMTE stock traded down $0.03 on Friday, reaching $0.46. 5,594 shares of the company were exchanged, compared to its average volume of 584,745. The business has a 50-day moving average price of $0.49 and a 200 day moving average price of $0.55. Integrated Media Technology has a 1 year low of $0.40 and a 1 year high of $1.38.

About Integrated Media Technology

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.