Short Interest in Infineon Technologies AG (OTCMKTS:IFNNY) Increases By 6,627.3%

Infineon Technologies AG (OTCMKTS:IFNNYGet Free Report) saw a significant increase in short interest in June. As of June 30th, there was short interest totalling 148,000 shares, an increase of 6,627.3% from the June 15th total of 2,200 shares. Based on an average trading volume of 568,100 shares, the short-interest ratio is currently 0.3 days.

Infineon Technologies Price Performance

IFNNY stock opened at $38.20 on Friday. The firm has a 50 day simple moving average of $39.10 and a two-hundred day simple moving average of $37.22. The stock has a market cap of $49.89 billion, a PE ratio of 18.10, a P/E/G ratio of 13.43 and a beta of 1.91. Infineon Technologies has a one year low of $28.83 and a one year high of $44.46. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.80 and a quick ratio of 1.02.

Infineon Technologies (OTCMKTS:IFNNYGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.06. Infineon Technologies had a return on equity of 17.84% and a net margin of 16.48%. The firm had revenue of $3.94 billion during the quarter. On average, analysts predict that Infineon Technologies will post 2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Barclays raised shares of Infineon Technologies to a “strong-buy” rating in a research report on Monday, June 24th.

Check Out Our Latest Research Report on Infineon Technologies

Infineon Technologies Company Profile

(Get Free Report)

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.

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