Integrated Media Technology Limited (NASDAQ:IMTE) Short Interest Up 323.9% in August

Integrated Media Technology Limited (NASDAQ:IMTE) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 55,494 shares, an increase of 323.9% from the July 30th total of 13,091 shares. Approximately 1.6% of the shares of the stock are sold short. Based on an average daily volume of 1,236,271 shares, the days-to-cover ratio is currently 0.0 days.

Integrated Media Technology Stock Up 0.1%

IMTE stock traded up $0.00 during midday trading on Wednesday, reaching $0.47. The company had a trading volume of 1,532 shares, compared to its average volume of 591,710. Integrated Media Technology has a 1-year low of $0.40 and a 1-year high of $1.38. The stock has a 50 day moving average price of $0.49 and a 200-day moving average price of $0.55.

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.