Short Interest in Integrated Media Technology Limited (NASDAQ:IMTE) Declines By 72.3%

Integrated Media Technology Limited (NASDAQ:IMTE) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 13,091 shares, a decline of 72.3% from the July 15th total of 47,229 shares. Based on an average daily trading volume, of 19,936 shares, the short-interest ratio is presently 0.7 days. Approximately 0.4% of the shares of the stock are short sold.

Integrated Media Technology Price Performance

Shares of NASDAQ:IMTE opened at $0.52 on Thursday. The company’s fifty day moving average price is $0.50 and its 200-day moving average price is $0.58. Integrated Media Technology has a one year low of $0.40 and a one year high of $1.38.

Integrated Media Technology Company Profile

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.