Infineon Technologies AG (OTCMKTS:IFNNY) Short Interest Update

Infineon Technologies AG (OTCMKTS:IFNNY) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 72,100 shares, a growth of 91.2% from the November 30th total of 37,700 shares. Based on an average daily volume of 625,400 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. New Street Research raised shares of Infineon Technologies to a “strong-buy” rating in a report on Monday, September 9th. Citigroup upgraded Infineon Technologies to a “strong-buy” rating in a research note on Thursday, October 10th.

Infineon Technologies Price Performance

IFNNY stock traded down $0.11 during mid-day trading on Friday, hitting $33.22. The stock had a trading volume of 240,996 shares, compared to its average volume of 273,179. The firm has a fifty day simple moving average of $32.69 and a 200 day simple moving average of $34.29. The firm has a market capitalization of $43.38 billion, a P/E ratio of 31.64, a P/E/G ratio of 2.25 and a beta of 1.88. The company has a current ratio of 1.90, a quick ratio of 1.08 and a debt-to-equity ratio of 0.27. Infineon Technologies has a 52 week low of $30.06 and a 52 week high of $42.20.

Infineon Technologies (OTCMKTS:IFNNY) last announced its quarterly earnings data on Tuesday, November 12th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. Infineon Technologies had a net margin of 8.64% and a return on equity of 14.27%. The business had revenue of $4.31 billion for the quarter. As a group, research analysts forecast that Infineon Technologies will post 1.61 EPS for the current year.

Infineon Technologies Company Profile

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.