Short Interest in Infineon Technologies AG (OTCMKTS:IFNNY) Grows By 132.6%

Infineon Technologies AG (OTCMKTS:IFNNY) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 222,780 shares, a growth of 132.6% from the January 15th total of 95,760 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 782,228 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 782,228 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are sold short.

Infineon Technologies Trading Down 1.2%

Shares of IFNNY stock traded down $0.61 during mid-day trading on Thursday, hitting $51.23. 34,540 shares of the company’s stock were exchanged, compared to its average volume of 278,098. Infineon Technologies has a fifty-two week low of $25.80 and a fifty-two week high of $52.75. The stock has a 50-day simple moving average of $46.48 and a two-hundred day simple moving average of $42.10. The company has a quick ratio of 0.98, a current ratio of 1.70 and a debt-to-equity ratio of 0.36. The stock has a market cap of $62.94 billion, a price-to-earnings ratio of 55.09, a PEG ratio of 0.98 and a beta of 1.80.

Infineon Technologies (OTCMKTS:IFNNY) last released its earnings results on Wednesday, February 4th. The technology company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.36 by $0.05. Infineon Technologies had a return on equity of 11.37% and a net margin of 7.51%.The firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $3.65 billion. Equities analysts expect that Infineon Technologies will post 1.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Infineon Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

Infineon Technologies Company Profile

Infineon Technologies AG (OTCMKTS:IFNNY) is a global semiconductor manufacturer that develops, manufactures and markets a broad range of semiconductor and system solutions. The company’s product portfolio includes power semiconductors and modules, microcontrollers and system-on-chip (SoC) solutions, analog and mixed-signal components, sensors and security controllers. Infineon’s technologies are used to enable energy-efficient power conversion, electrification, connectivity and secure data processing across multiple end markets.

Infineon was formed as a spin-off from Siemens AG in 1999 and is headquartered near Munich in Neubiberg, Germany.