Infineon Technologies AG (OTCMKTS:IFNNY) Short Interest Update

Infineon Technologies AG (OTCMKTS:IFNNY) 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.

Infineon Technologies Trading Down 0.6 %

Shares of Infineon Technologies stock traded down $0.20 during trading hours on Friday, hitting $33.00. The company’s stock had a trading volume of 173,982 shares, compared to its average volume of 289,684. The company has a quick ratio of 1.08, a current ratio of 1.89 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average of $33.80 and a 200 day moving average of $35.87. Infineon Technologies has a 12 month low of $28.83 and a 12 month high of $42.45.

Infineon Technologies (OTCMKTS:IFNNY) 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.