IQE plc (OTCMKTS:IQEPF) Sees Large Growth in Short Interest

IQE plc (OTCMKTS:IQEPF) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 264,100 shares, an increase of 3,007.1% from the October 15th total of 8,500 shares. Based on an average daily volume of 51,900 shares, the short-interest ratio is currently 5.1 days.

IQE Stock Performance

OTCMKTS:IQEPF opened at $0.16 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. IQE has a 12 month low of $0.13 and a 12 month high of $0.46. The company has a 50 day simple moving average of $0.21 and a two-hundred day simple moving average of $0.32.

About IQE

IQE plc, together with its subsidiaries, develops, manufactures, and sells advanced semiconductor materials. It operates through three segments: Wireless, Photonics, and CMOS++. The company manufactures and sells compound semiconductor materials for the wireless market which includes radio frequency devices for wireless communications, and photonics market, that includes applications that transmit and sense visible and infrared lights, as well as advanced semiconductor materials related to silicon.