Infineon Technologies AG (OTCMKTS:IFNNY) Short Interest Update

Infineon Technologies AG (OTCMKTS:IFNNY) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 12,900 shares, a drop of 93.5% from the October 31st total of 198,200 shares. Based on an average trading volume of 469,800 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Citigroup raised Infineon Technologies to a “strong-buy” rating in a report on Thursday, October 10th. New Street Research raised Infineon Technologies to a “strong-buy” rating in a report on Monday, September 9th.

Infineon Technologies Price Performance

OTCMKTS:IFNNY remained flat at $31.84 on Wednesday. The company’s stock had a trading volume of 240,415 shares, compared to its average volume of 271,243. The company has a current ratio of 1.89, a quick ratio of 1.08 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $41.58 billion, a price-to-earnings ratio of 30.32, a price-to-earnings-growth ratio of 1.92 and a beta of 1.91. The company has a 50-day moving average of $32.61 and a 200 day moving average of $35.34. Infineon Technologies has a 12 month low of $30.06 and a 12 month high of $42.45.

Infineon Technologies (OTCMKTS:IFNNY) last posted its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.51 by $0.03. Infineon Technologies had a net margin of 8.64% and a return on equity of 14.25%. The company had revenue of $4.31 billion during the quarter. Equities research analysts expect that Infineon Technologies will post 1.73 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.