Infineon Technologies AG (OTCMKTS:IFNNY) Short Interest Up 329.0% in September

Infineon Technologies AG (OTCMKTS:IFNNY) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 42,900 shares, an increase of 329.0% from the September 15th total of 10,000 shares. Based on an average trading volume of 486,700 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Citigroup upgraded Infineon Technologies to a “strong-buy” rating in a research note on Thursday. New Street Research raised shares of Infineon Technologies to a “strong-buy” rating in a research note on Monday, September 9th. Finally, Barclays upgraded Infineon Technologies to a “strong-buy” rating in a report on Monday, June 24th.

Infineon Technologies Price Performance

IFNNY traded up $0.11 during trading on Friday, hitting $33.33. The company’s stock had a trading volume of 159,111 shares, compared to its average volume of 267,950. 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 business’s fifty day simple moving average is $33.89 and its 200 day simple moving average is $35.95. Infineon Technologies has a twelve month low of $28.83 and a twelve month high of $42.45.

Infineon Technologies (OTCMKTS:IFNNY) last issued its earnings results on Monday, August 5th. The technology company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.04. Infineon Technologies had a return on equity of 15.49% and a net margin of 14.08%. The business had revenue of $3.98 billion for the quarter. On average, equities analysts expect that Infineon Technologies will post 2.03 EPS for the current 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.