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

IQE plc (OTCMKTS:IQEPF) saw a large increase in short interest in 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 trading volume of 51,900 shares, the short-interest ratio is presently 5.1 days.

IQE Stock Performance

Shares of IQE stock remained flat at $0.16 during trading hours on Tuesday. 150 shares of the stock were exchanged, compared to its average volume of 14,411. The business’s 50 day moving average price is $0.22 and its 200 day moving average price is $0.32. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 1.37. IQE has a one year low of $0.13 and a one year high of $0.46.

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.