Short Interest in Integrated Media Technology Limited (NASDAQ:IMTE) Decreases By 64.6%

Integrated Media Technology Limited (NASDAQ:IMTE) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 19,622 shares, a decline of 64.6% from the August 15th total of 55,494 shares. Based on an average daily trading volume, of 16,048 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.6% of the company’s stock are sold short.

Integrated Media Technology Stock Down 0.3%

NASDAQ:IMTE traded down $0.00 during mid-day trading on Friday, hitting $0.46. The stock had a trading volume of 3,321 shares, compared to its average volume of 16,567. Integrated Media Technology has a twelve month low of $0.40 and a twelve month high of $1.38. The stock has a 50-day simple moving average of $0.48 and a two-hundred day simple moving average of $0.54.

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.