Infineon Technologies AG (OTCMKTS:IFNNY) Sees Large Growth in Short Interest

Infineon Technologies AG (OTCMKTS:IFNNY) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 179,400 shares, a growth of 318.2% from the September 30th total of 42,900 shares. Based on an average daily volume of 442,200 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Citigroup upgraded Infineon Technologies to a “strong-buy” rating in a research report on Thursday, October 10th. New Street Research raised Infineon Technologies to a “strong-buy” rating in a report on Monday, September 9th.

Infineon Technologies Price Performance

OTCMKTS:IFNNY traded down $0.20 during mid-day trading on Friday, hitting $33.00. 173,982 shares of the company traded hands, compared to its average volume of 289,684. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.08 and a current ratio of 1.89. The stock’s fifty day moving average price is $33.80 and its 200-day moving average price is $35.87. Infineon Technologies has a one year low of $28.83 and a one year high of $42.45.

Infineon Technologies (OTCMKTS:IFNNY) last released its quarterly earnings data on Monday, August 5th. The technology company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. The firm had revenue of $3.98 billion during the quarter. Infineon Technologies had a return on equity of 15.49% and a net margin of 14.08%. Analysts predict that Infineon Technologies will post 2.02 earnings per share for the current year.

Infineon Technologies Company Profile

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.