Infineon Technologies AG (OTCMKTS:IFNNY) Short Interest Up 537.9% in August

Infineon Technologies AG (OTCMKTS:IFNNY) was the recipient of a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 148,000 shares, a growth of 537.9% from the July 31st total of 23,200 shares. Based on an average trading volume of 957,400 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Separately, Barclays upgraded Infineon Technologies to a “strong-buy” rating in a research report on Monday, June 24th.

Infineon Technologies Trading Up 1.3 %

OTCMKTS:IFNNY opened at $36.24 on Wednesday. Infineon Technologies has a 52 week low of $28.83 and a 52 week high of $42.45. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.02 and a current ratio of 1.80. The firm’s fifty day moving average is $35.91 and its 200-day moving average is $36.50. The firm has a market cap of $47.33 billion, a P/E ratio of 17.18, a P/E/G ratio of 11.67 and a beta of 1.91.

Infineon Technologies (OTCMKTS:IFNNY) last issued its quarterly earnings results on Monday, August 5th. The technology company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. The firm had revenue of $3.98 billion during the quarter. Infineon Technologies had a return on equity of 17.84% and a net margin of 16.48%. Equities analysts expect that Infineon Technologies will post 1.98 earnings per share 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.