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

Infineon Technologies AG (OTCMKTS:IFNNY - Get Free Report) saw a significant growth in short interest in September. As of September 30th, there was short interest totalling 42,900 shares, a growth of 329.0% from the September 15th total of 10,000 shares. Based on an average daily volume of 486,700 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

IFNNY has been the subject of a number of research analyst reports. Barclays upgraded Infineon Technologies to a "strong-buy" rating in a report on Monday, June 24th. New Street Research upgraded Infineon Technologies to a "strong-buy" rating in a report on Monday, September 9th.

Infineon Technologies Stock Down 0.5 %

Shares of OTCMKTS:IFNNY traded down $0.18 during midday trading on Thursday, hitting $33.22. 87,071 shares of the stock were exchanged, compared to its average volume of 268,506. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.08 and a current ratio of 1.89. Infineon Technologies has a 52-week low of $28.83 and a 52-week high of $42.45. The business's fifty day simple moving average is $33.87 and its two-hundred day simple moving average is $35.97. The company has a market capitalization of $43.38 billion, a PE ratio of 15.74, a P/E/G ratio of 11.16 and a beta of 1.90.

Infineon Technologies (OTCMKTS:IFNNY - Get Free Report) last posted its earnings results on Monday, August 5th. The technology company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.42 by $0.04. The firm had revenue of $3.98 billion for the quarter. Infineon Technologies had a net margin of 14.08% and a return on equity of 15.49%. As a group, research analysts predict that Infineon Technologies will post 2.02 earnings per share for the current fiscal year.

About Infineon Technologies

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.