Integrated Media Technology Limited (NASDAQ:IMTE) Short Interest Up 88.9% in June

Integrated Media Technology Limited (NASDAQ:IMTE) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 49,361 shares, an increase of 88.9% from the May 31st total of 26,132 shares. Based on an average daily volume of 191,352 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.5% of the shares of the stock are short sold.

Integrated Media Technology Price Performance

IMTE stock remained flat at $0.50 during trading on Friday. 1,653,357 shares of the company traded hands, compared to its average volume of 123,381. Integrated Media Technology has a 12-month low of $0.40 and a 12-month high of $1.54. The stock has a 50 day moving average of $0.52 and a 200 day moving average of $0.61.

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.