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

Infineon Technologies AG (OTCMKTS:IFNNY) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 383,565 shares, an increase of 87.4% from the September 30th total of 204,710 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 772,415 shares, the days-to-cover ratio is currently 0.5 days.

Infineon Technologies Trading Up 3.0%

Shares of Infineon Technologies stock traded up $1.69 on Monday, reaching $58.04. The company had a trading volume of 159,821 shares, compared to its average volume of 398,059. Infineon Technologies has a 52-week low of $36.10 and a 52-week high of $103.28. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.97 and a current ratio of 1.73. The firm’s 50 day moving average price is $63.93 and its two-hundred day moving average price is $65.20. The firm has a market cap of $75.64 billion, a PE ratio of 51.36, a PEG ratio of 0.39 and a beta of 2.29.

Infineon Technologies (OTCMKTS:IFNNY) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.76 billion. Infineon Technologies had a return on equity of 11.39% and a net margin of 8.37%. Sell-side analysts predict that Infineon Technologies will post 2.00 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on IFNNY shares. DZ Bank raised shares of Infineon Technologies to a “strong-buy” rating in a report on Thursday, August 27th. Zacks Research cut shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

About Infineon Technologies

Infineon Technologies AG is a Germany-based semiconductor manufacturer that develops and produces solutions for automotive, industrial, communications, consumer electronics and energy applications. The company’s products are designed to improve energy efficiency, enable reliable connectivity and support the digitalization of devices and infrastructure.

Its portfolio includes power semiconductors, automotive microcontrollers, sensors, security components, connectivity products and systems for power management.