Integrated Media Technology Limited (NASDAQ:IMTE) Short Interest Update

Integrated Media Technology Limited (NASDAQ:IMTE) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 31,302 shares, a decrease of 52.3% from the November 30th total of 65,602 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 145,937 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 145,937 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.9% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Integrated Media Technology in a report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Integrated Media Technology Trading Down 3.7%

Shares of IMTE stock traded down $0.02 during mid-day trading on Friday, reaching $0.61. 16,598 shares of the company’s stock traded hands, compared to its average volume of 95,455. Integrated Media Technology has a 12 month low of $0.51 and a 12 month high of $3.17. The firm has a 50 day moving average price of $0.81 and a two-hundred day moving average price of $0.97.

About Integrated Media Technology

Integrated Media Technology (NASDAQ: IMTE) is a semiconductor company specializing in digital audio processing solutions for consumer electronics, telecommunications equipment and professional audio applications. The company’s core business revolves around the design, development and sale of digital signal processing (DSP) chips, audio modules and accompanying firmware and software algorithms. Its product portfolio includes high-performance audio codecs, multi-channel DSP cores, noise reduction and echo cancellation engines, all tailored to enhance audio quality in smart speakers, soundbars, televisions, set-top boxes and conferencing devices.

In addition to standalone chips, Integrated Media Technology offers turnkey hardware modules that integrate its DSP IP with analog-to-digital converters (ADCs), digital-to-analog converters (DACs) and power management subsystems.