Integrated Media Technology Limited (NASDAQ:IMTE) Short Interest Up 88.9% in June

Integrated Media Technology Limited (NASDAQ:IMTE) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 49,361 shares, an increase of 88.9% from the May 31st total of 26,132 shares. Approximately 1.5% of the company’s stock are sold short. Based on an average daily volume of 191,352 shares, the short-interest ratio is currently 0.3 days.

Integrated Media Technology Price Performance

IMTE traded up $0.03 during trading on Wednesday, reaching $0.47. The stock had a trading volume of 14,269 shares, compared to its average volume of 654,102. The stock’s 50 day moving average is $0.53 and its two-hundred day moving average is $0.61. Integrated Media Technology has a one year low of $0.40 and a one year high of $1.54.

About Integrated Media Technology

Integrated Media Technology (NASDAQ: IMTE) is a semiconductor company specializing in digital audio processing solutions for consumer electronics, telecommunications equipment and professional audio applications. The company’s core business revolves around the design, development and sale of digital signal processing (DSP) chips, audio modules and accompanying firmware and software algorithms. Its product portfolio includes high-performance audio codecs, multi-channel DSP cores, noise reduction and echo cancellation engines, all tailored to enhance audio quality in smart speakers, soundbars, televisions, set-top boxes and conferencing devices.

In addition to standalone chips, Integrated Media Technology offers turnkey hardware modules that integrate its DSP IP with analog-to-digital converters (ADCs), digital-to-analog converters (DACs) and power management subsystems.