Infineon Technologies AG (OTCMKTS:IFNNF) Short Interest Up 5.8% in December

Infineon Technologies AG (OTCMKTS:IFNNF) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 2,830,300 shares, an increase of 5.8% from the December 15th total of 2,673,900 shares. Based on an average daily trading volume, of 14,600 shares, the days-to-cover ratio is currently 193.9 days.

Infineon Technologies Trading Up 0.3 %

Shares of IFNNF stock opened at $34.25 on Monday. The stock has a 50 day moving average of $32.98 and a 200 day moving average of $33.64. Infineon Technologies has a twelve month low of $29.80 and a twelve month high of $41.79.

Hedge Funds Weigh In On Infineon Technologies

A hedge fund recently bought a new stake in Infineon Technologies stock. Eagle Bay Advisors LLC purchased a new position in shares of Infineon Technologies AG (OTCMKTS:IFNNF) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,100 shares of the company’s stock, valued at approximately $39,000. 44.76% of the stock is owned by hedge funds and other institutional investors.

Infineon Technologies Company Profile

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.