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

Infineon Technologies AG (OTCMKTS:IFNNF) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 5,054,600 shares, an increase of 24.9% from the January 31st total of 4,047,200 shares. Based on an average daily trading volume, of 5,100 shares, the short-interest ratio is currently 991.1 days.

Infineon Technologies Price Performance

OTCMKTS:IFNNF traded up $1.10 during midday trading on Thursday, hitting $38.00. 552 shares of the company were exchanged, compared to its average volume of 7,161. Infineon Technologies has a fifty-two week low of $29.80 and a fifty-two week high of $41.79. The company has a fifty day simple moving average of $35.86 and a 200 day simple moving average of $34.10.

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.