Short Interest in Infineon Technologies AG (OTCMKTS:IFNNY) Grows By 41.5%

Infineon Technologies AG (OTCMKTS:IFNNY) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 106,333 shares, an increase of 41.5% from the November 30th total of 75,123 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 855,251 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 855,251 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Infineon Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Infineon Technologies currently has a consensus rating of “Buy”.

Infineon Technologies Stock Performance

Shares of IFNNY traded down $0.13 during trading hours on Monday, hitting $43.28. The stock had a trading volume of 96,616 shares, compared to its average volume of 337,683. The firm has a market capitalization of $56.52 billion, a PE ratio of 47.56, a PEG ratio of 3.55 and a beta of 1.80. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.70 and a quick ratio of 0.98. Infineon Technologies has a 12 month low of $25.80 and a 12 month high of $45.13. The stock has a fifty day moving average price of $40.79 and a 200 day moving average price of $40.69.

Infineon Technologies (OTCMKTS:IFNNY) last posted its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The company had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Infineon Technologies had a net margin of 7.57% and a return on equity of 10.87%. Analysts anticipate that Infineon Technologies will post 1.61 EPS for the current year.

Infineon Technologies Company Profile

Infineon Technologies AG (OTCMKTS:IFNNY) is a global semiconductor manufacturer that develops, manufactures and markets a broad range of semiconductor and system solutions. The company’s product portfolio includes power semiconductors and modules, microcontrollers and system-on-chip (SoC) solutions, analog and mixed-signal components, sensors and security controllers. Infineon’s technologies are used to enable energy-efficient power conversion, electrification, connectivity and secure data processing across multiple end markets.

Infineon was formed as a spin-off from Siemens AG in 1999 and is headquartered near Munich in Neubiberg, Germany.