Infineon Technologies AG (OTCMKTS:IFNNF) Sees Significant Growth in Short Interest

Infineon Technologies AG (OTCMKTS:IFNNF) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 6,754,900 shares, an increase of 7.6% from the March 15th total of 6,278,800 shares. Based on an average trading volume of 3,100 shares, the days-to-cover ratio is presently 2,179.0 days.

Infineon Technologies Stock Performance

IFNNF traded up $0.23 on Monday, reaching $34.25. 433 shares of the stock were exchanged, compared to its average volume of 3,590. The company’s 50-day moving average price is $35.39 and its 200 day moving average price is $36.01. Infineon Technologies has a fifty-two week low of $28.94 and a fifty-two week high of $44.10.

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.