Infineon Technologies AG (OTCMKTS:IFNNY – Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 179,400 shares, a growth of 318.2% from the September 30th total of 42,900 shares. Based on an average daily trading volume, of 442,200 shares, the short-interest ratio is currently 0.4 days.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the stock. Citigroup raised shares of Infineon Technologies to a “strong-buy” rating in a report on Thursday, October 10th. New Street Research raised Infineon Technologies to a “strong-buy” rating in a report on Monday, September 9th.
View Our Latest Analysis on IFNNY
Infineon Technologies Trading Down 0.6 %
Infineon Technologies (OTCMKTS:IFNNY – Get Free Report) last announced its earnings results on Monday, August 5th. The technology company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.42 by $0.04. The business had revenue of $3.98 billion during the quarter. Infineon Technologies had a net margin of 14.08% and a return on equity of 15.49%. Analysts anticipate that Infineon Technologies will post 2.02 earnings per share for the current fiscal year.
About Infineon Technologies
Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and semiconductor-based solutions worldwide. Its Automotive segment offers automotive microcontrollers; 3D ToF, magnetic, and pressure sensors; discrete power semiconductors; IGBT modules; industrial microcontrollers; power and memory ICs; transceivers; diodes, MOSEFTs, and modules; and voltage regulators for use in assistance and safety systems, comfort electronics, infotainment, powertrain, and security products.
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