Short Interest in Infineon Technologies AG (OTCMKTS:IFNNY) Decreases By 90.9%

Infineon Technologies AG (OTCMKTS:IFNNY) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 2,200 shares, a decrease of 90.9% from the May 31st total of 24,200 shares. Based on an average trading volume of 758,900 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Barclays raised shares of Infineon Technologies to a “strong-buy” rating in a research note on Monday.

Infineon Technologies Stock Performance

IFNNY traded down $0.50 during midday trading on Thursday, reaching $36.46. The company’s stock had a trading volume of 101,329 shares, compared to its average volume of 274,068. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.80 and a quick ratio of 1.02. Infineon Technologies has a 1 year low of $28.83 and a 1 year high of $44.46. The stock’s 50-day moving average is $38.22 and its 200-day moving average is $37.46.

Infineon Technologies (OTCMKTS:IFNNY) last announced its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. The business had revenue of $3.94 billion for the quarter. Infineon Technologies had a net margin of 16.48% and a return on equity of 17.84%. As a group, equities research analysts expect that Infineon Technologies will post 2 EPS 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.