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

Integrated Media Technology Limited (NASDAQ:IMTE) was the recipient of a significant drop in short interest in February. As of February 13th, there was short interest totaling 41,113 shares, a drop of 26.6% from the January 29th total of 56,026 shares. Based on an average daily volume of 32,150 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.2% of the company’s shares are sold short. Approximately 1.2% of the company’s shares are sold short. Based on an average daily volume of 32,150 shares, the days-to-cover ratio is currently 1.3 days.

Integrated Media Technology Stock Performance

Shares of IMTE opened at $0.62 on Wednesday. The business has a 50-day moving average of $0.67 and a 200-day moving average of $0.84. Integrated Media Technology has a 1 year low of $0.50 and a 1 year high of $3.17.

Integrated Media Technology (NASDAQ:IMTE) last released its earnings results on Monday, February 9th. The company reported $0.04 earnings per share for the quarter. The firm had revenue of $0.03 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Integrated Media Technology in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Integrated Media Technology currently has a consensus rating of “Sell”.

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.