Infineon Technologies AG (OTCMKTS:IFNNY) Sees Significant Increase in Short Interest

Infineon Technologies AG (OTCMKTS:IFNNY) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 383,565 shares, a growth of 87.4% from the September 30th total of 204,710 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 772,415 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Zacks Research cut Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. DZ Bank upgraded Infineon Technologies to a “strong-buy” rating in a report on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Infineon Technologies Stock Performance

OTCMKTS:IFNNY opened at $56.94 on Tuesday. Infineon Technologies has a fifty-two week low of $36.10 and a fifty-two week high of $103.28. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.97 and a current ratio of 1.73. The company has a 50 day moving average price of $63.76 and a 200 day moving average price of $65.23. The stock has a market capitalization of $74.20 billion, a P/E ratio of 50.39, a PEG ratio of 0.42 and a beta of 2.26.

Infineon Technologies (OTCMKTS:IFNNY) last announced its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $4.76 billion. Infineon Technologies had a return on equity of 11.39% and a net margin of 8.37%. Equities research analysts forecast that Infineon Technologies will post 2.00 EPS for the current year.

About Infineon Technologies

Infineon Technologies AG is a Germany-based semiconductor manufacturer that develops and produces solutions for automotive, industrial, communications, consumer electronics and energy applications. The company’s products are designed to improve energy efficiency, enable reliable connectivity and support the digitalization of devices and infrastructure.

Its portfolio includes power semiconductors, automotive microcontrollers, sensors, security components, connectivity products and systems for power management.