Iqe Plc (OTCMKTS:IQEPF) Short Interest Down 88.9% in June

Iqe Plc (OTCMKTS:IQEPF) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 171,729 shares, a decrease of 88.9% from the June 15th total of 1,541,686 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 3,375,306 shares, the days-to-cover ratio is presently 0.1 days.

IQE Stock Performance

IQEPF stock traded down $0.02 on Friday, hitting $0.52. 180,166 shares of the company were exchanged, compared to its average volume of 1,714,787. IQE has a twelve month low of $0.06 and a twelve month high of $0.95. The business’s fifty day moving average is $0.63 and its two-hundred day moving average is $0.40.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft started coverage on IQE in a research note on Wednesday, May 27th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

IQE Company Profile

IQE plc is a leading global supplier of advanced wafer products and wafer-based material solutions for the semiconductor industry. Headquartered in Cardiff, Wales, the company specializes in the development and manufacturing of epitaxial wafers—ultra-thin layers of compound semiconductor materials—used in a wide range of high-performance electronic and photonic devices.

The company’s product portfolio encompasses key compound semiconductor materials such as indium phosphide, gallium arsenide, gallium nitride and silicon-germanium.