Infineon Technologies AG (OTCMKTS:IFNNF) Sees Significant Growth in Short Interest

Infineon Technologies AG (OTCMKTS:IFNNF) saw a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 2,774,200 shares, an increase of 10.1% from the November 15th total of 2,520,100 shares. Based on an average trading volume of 7,200 shares, the days-to-cover ratio is presently 385.3 days.

Institutional Investors 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) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 Stock Down 3.9 %

Infineon Technologies stock traded down $1.38 during trading hours on Friday, hitting $34.06. 820 shares of the stock traded hands, compared to its average volume of 6,506. Infineon Technologies has a 1 year low of $29.80 and a 1 year high of $42.41. The firm’s 50 day moving average price is $32.55 and its 200-day moving average price is $34.69.

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.