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

Integrated Media Technology Limited (NASDAQ:IMTE) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 49,361 shares, a growth of 88.9% from the May 31st total of 26,132 shares. Currently, 1.5% of the shares of the stock are short sold. Based on an average trading volume of 191,352 shares, the days-to-cover ratio is presently 0.3 days.

Integrated Media Technology Price Performance

Shares of Integrated Media Technology stock traded up $0.05 during trading on Thursday, hitting $0.51. The stock had a trading volume of 1,577,312 shares, compared to its average volume of 661,243. Integrated Media Technology has a 12 month low of $0.40 and a 12 month high of $1.54. The firm’s fifty day simple moving average is $0.52 and its 200-day simple moving average is $0.61.

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.