Infineon Technologies AG (OTCMKTS:IFNNY) Short Interest Update

Infineon Technologies AG (OTCMKTS:IFNNY) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 198,200 shares, a growth of 10.5% from the October 15th total of 179,400 shares. Based on an average daily volume of 621,300 shares, the days-to-cover ratio is presently 0.3 days.

Infineon Technologies Stock Performance

OTCMKTS IFNNY opened at $31.79 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.08 and a current ratio of 1.89. Infineon Technologies has a 12 month low of $30.06 and a 12 month high of $42.45. The company’s 50 day moving average is $32.82 and its two-hundred day moving average is $35.66.

Infineon Technologies (OTCMKTS:IFNNY) last issued its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. The business had revenue of $4.31 billion during the quarter. Infineon Technologies had a return on equity of 14.25% and a net margin of 8.64%. As a group, equities research analysts expect that Infineon Technologies will post 1.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.