Short Interest in Integrated Media Technology Limited (NASDAQ:IMTE) Declines By 46.6%

Integrated Media Technology Limited (NASDAQ:IMTE) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 6,429 shares, a decrease of 46.6% from the December 31st total of 12,033 shares. Based on an average trading volume of 26,524 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 26,524 shares, the days-to-cover ratio is presently 0.2 days.

Integrated Media Technology Price Performance

Shares of IMTE traded down $0.13 during mid-day trading on Friday, hitting $0.85. The company’s stock had a trading volume of 120,252 shares, compared to its average volume of 3,134,925. The company’s 50-day moving average is $0.71 and its 200-day moving average is $0.91. Integrated Media Technology has a 52-week low of $0.50 and a 52-week high of $3.17.

Integrated Media Technology Company Profile

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.