Iqe Plc (OTCMKTS:IQEPF) Short Interest Update

Iqe Plc (OTCMKTS:IQEPF) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 611,930 shares, a growth of 142.2% from the July 30th total of 252,627 shares. Based on an average trading volume of 1,080,774 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Panmure Gordon upgraded IQE to a “buy” rating in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of IQE in a research note on Wednesday, July 22nd. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.

IQE Price Performance

IQE stock traded down $0.01 during midday trading on Friday, reaching $0.66. 292,109 shares of the stock traded hands, compared to its average volume of 554,737. IQE has a fifty-two week low of $0.06 and a fifty-two week high of $0.95. The company has a current ratio of 0.76, a quick ratio of 0.53 and a debt-to-equity ratio of 0.02. The firm has a fifty day moving average price of $0.60 and a two-hundred day moving average price of $0.52.

IQE Company Profile

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.