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

Infineon Technologies AG (OTCMKTS:IFNNF) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 2,830,300 shares, an increase of 5.8% from the December 15th total of 2,673,900 shares. Based on an average daily volume of 14,600 shares, the short-interest ratio is currently 193.9 days.

Institutional Investors Weigh In On Infineon Technologies

A hedge fund recently bought a new stake in Infineon Technologies stock. Eagle Bay Advisors LLC acquired a new stake in Infineon Technologies AG (OTCMKTS:IFNNF) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,100 shares of the company’s stock, valued at approximately $39,000. 44.76% of the stock is currently owned by institutional investors and hedge funds.

Infineon Technologies Stock Up 0.3 %

Shares of OTCMKTS:IFNNF opened at $34.25 on Tuesday. The business’s 50 day moving average price is $33.03 and its 200-day moving average price is $33.62. Infineon Technologies has a 1 year low of $29.80 and a 1 year high of $41.79.

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.