Short Interest in Iqe Plc (OTCMKTS:IQEPF) Decreases By 51.4%

Iqe Plc (OTCMKTS:IQEPF) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 252,627 shares, a drop of 51.4% from the July 15th total of 520,238 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,529,535 shares, the short-interest ratio is presently 0.2 days.

IQE Trading Down 4.7%

Shares of IQEPF traded down $0.03 during mid-day trading on Friday, hitting $0.64. The company’s stock had a trading volume of 210,559 shares, compared to its average volume of 719,557. IQE has a 52-week low of $0.06 and a 52-week high of $0.95. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.76 and a quick ratio of 0.53. The company’s 50-day moving average is $0.60 and its 200-day moving average is $0.48.

Wall Street Analysts Forecast Growth

IQEPF has been the topic of several research reports. Panmure Gordon raised IQE to a “buy” rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of IQE in a research note on Wednesday, July 22nd. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average 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.