Infineon Technologies AG (OTCMKTS:IFNNF) Sees Large Increase in Short Interest

Infineon Technologies AG (OTCMKTS:IFNNF) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 2,838,000 shares, an increase of 9.4% from the September 15th total of 2,594,600 shares. Based on an average daily volume of 1,200 shares, the days-to-cover ratio is currently 2,365.0 days.

Infineon Technologies Stock Performance

Shares of OTCMKTS IFNNF opened at $32.51 on Thursday. The stock’s 50-day moving average is $33.80 and its two-hundred day moving average is $35.88. Infineon Technologies has a 1-year low of $28.94 and a 1-year high of $42.41.

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.