Iqe Plc (OTCMKTS:IQEPF) Short Interest Update

Iqe Plc (OTCMKTS:IQEPF) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,408,180 shares, a growth of 660.9% from the May 14th total of 185,076 shares. Based on an average daily volume of 8,683,220 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

IQE Price Performance

OTCMKTS IQEPF opened at $0.53 on Wednesday. The company has a fifty day simple moving average of $0.60 and a 200 day simple moving average of $0.31. IQE has a 12-month low of $0.06 and a 12-month high of $0.95.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on IQE in a research note on Wednesday, May 27th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, IQE presently has a consensus rating of “Buy”.

About IQE

IQE plc is a leading global supplier of advanced wafer products and wafer-based material solutions for the semiconductor industry. Headquartered in Cardiff, Wales, the company specializes in the development and manufacturing of epitaxial wafers—ultra-thin layers of compound semiconductor materials—used in a wide range of high-performance electronic and photonic devices.

The company’s product portfolio encompasses key compound semiconductor materials such as indium phosphide, gallium arsenide, gallium nitride and silicon-germanium.