Infineon Technologies AG (OTCMKTS:IFNNY) Sees Significant Decrease in Short Interest

Infineon Technologies AG (OTCMKTS:IFNNY) saw a large decrease in short interest in February. As of February 28th, there was short interest totalling 60,700 shares, a decrease of 25.7% from the February 13th total of 81,700 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 414,900 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Susquehanna raised Infineon Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 28th.

Infineon Technologies Price Performance

Shares of IFNNY stock traded down $0.15 on Monday, hitting $37.79. 240,769 shares of the company’s stock were exchanged, compared to its average volume of 395,402. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.90 and a quick ratio of 1.13. Infineon Technologies has a 12 month low of $30.06 and a 12 month high of $41.84. The stock has a market cap of $49.35 billion, a P/E ratio of 48.45, a price-to-earnings-growth ratio of 2.39 and a beta of 1.92. The company has a 50 day moving average of $36.64 and a 200 day moving average of $34.29.

Infineon Technologies (OTCMKTS:IFNNY) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.10. Infineon Technologies had a return on equity of 12.55% and a net margin of 6.49%. On average, equities research analysts predict that Infineon Technologies will post 1.61 EPS for the current year.

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.