Infineon Technologies AG (OTCMKTS:IFNNY) Sees Significant Growth in Short Interest

Infineon Technologies AG (OTCMKTS:IFNNY) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 129,200 shares, an increase of 79.2% from the December 15th total of 72,100 shares. Based on an average trading volume of 416,600 shares, the days-to-cover ratio is presently 0.3 days.

Infineon Technologies Price Performance

Shares of IFNNY stock opened at $34.24 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.90 and a quick ratio of 1.13. Infineon Technologies has a fifty-two week low of $30.06 and a fifty-two week high of $41.84. The stock’s 50-day simple moving average is $32.95 and its 200-day simple moving average is $33.86.

Infineon Technologies (OTCMKTS:IFNNY) last posted its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. The company had revenue of $4.31 billion during the quarter. Infineon Technologies had a net margin of 8.64% and a return on equity of 14.27%. On average, analysts forecast that Infineon Technologies will post 1.6 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised shares of Infineon Technologies to a “strong-buy” rating in a report on Thursday, October 10th.

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.