Iqe Plc (OTCMKTS:IQEPF) Sees Large Growth in Short Interest

Iqe Plc (OTCMKTS:IQEPF) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 611,930 shares, an increase of 142.2% from the July 30th total of 252,627 shares. Based on an average daily trading volume, of 1,080,774 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the shares of the stock are short sold.

IQE Price Performance

Shares of IQEPF stock traded down $0.01 during trading on Friday, hitting $0.66. The company’s stock had a trading volume of 292,109 shares, compared to its average volume of 554,737. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.53 and a current ratio of 0.76. The business has a fifty day moving average of $0.60 and a 200-day moving average of $0.52. IQE has a 52 week low of $0.06 and a 52 week high of $0.95.

Analysts Set New Price Targets

A number of brokerages have recently commented on IQEPF. Panmure Gordon upgraded shares of IQE to a “buy” rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of IQE in a research report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

About IQE

IQE plc is a leading global supplier of advanced wafer products and wafer-based material solutions for the semiconductor industry. Headquartered in Cardiff, Wales, the company specializes in the development and manufacturing of epitaxial wafers—ultra-thin layers of compound semiconductor materials—used in a wide range of high-performance electronic and photonic devices.

The company’s product portfolio encompasses key compound semiconductor materials such as indium phosphide, gallium arsenide, gallium nitride and silicon-germanium.