Integrated Media Technology Limited (NASDAQ:IMTE) Short Interest Down 46.6% in January

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

Integrated Media Technology Stock Down 13.4%

Integrated Media Technology stock traded down $0.13 during midday trading on Friday, reaching $0.85. The company’s stock had a trading volume of 120,252 shares, compared to its average volume of 3,134,925. The business has a 50-day simple moving average of $0.71 and a 200-day simple moving average of $0.91. Integrated Media Technology has a fifty-two week low of $0.50 and a fifty-two week high of $3.17.

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.