Short Interest in Iqe Plc (OTCMKTS:IQEPF) Increases By 142.2%

Iqe Plc (OTCMKTS:IQEPF) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 611,930 shares, an increase of 142.2% from the July 30th total of 252,627 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 1,080,774 shares, the short-interest ratio is presently 0.6 days.

IQE Stock Performance

Shares of IQEPF traded down $0.01 during mid-day trading on Friday, hitting $0.66. The company’s stock had a trading volume of 213,429 shares, compared to its average volume of 1,726,556. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.53 and a current ratio of 0.76. IQE has a fifty-two week low of $0.06 and a fifty-two week high of $0.95. The firm has a 50-day moving average price of $0.60 and a 200 day moving average price of $0.52.

Analyst Upgrades and Downgrades

Several analysts have issued reports on IQEPF shares. Panmure Gordon upgraded IQE to a “buy” rating in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of IQE in a research note on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, IQE currently has a consensus rating of “Buy”.

IQE Company Profile

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.