Infineon Technologies AG (OTCMKTS:IFNNY) Short Interest Update

Infineon Technologies AG (OTCMKTS:IFNNY) was the target of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 37,700 shares, an increase of 192.2% from the November 15th total of 12,900 shares. Based on an average trading volume of 489,600 shares, the days-to-cover ratio is currently 0.1 days.

Infineon Technologies Trading Down 0.3 %

Shares of IFNNY stock traded down $0.12 on Wednesday, hitting $34.78. The stock had a trading volume of 171,986 shares, compared to its average volume of 276,091. The firm has a market cap of $45.42 billion, a P/E ratio of 33.12, a PEG ratio of 2.23 and a beta of 1.88. Infineon Technologies has a twelve month low of $30.06 and a twelve month high of $42.45. The company has a current ratio of 1.89, a quick ratio of 1.08 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average price of $32.56 and a two-hundred day moving average price of $34.86.

Infineon Technologies (OTCMKTS:IFNNY) last announced its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. Infineon Technologies had a return on equity of 14.25% and a net margin of 8.64%. The company had revenue of $4.31 billion during the quarter. As a group, analysts forecast that Infineon Technologies will post 1.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

IFNNY has been the subject of several recent analyst reports. New Street Research raised Infineon Technologies to a “strong-buy” rating in a report on Monday, September 9th. Citigroup raised Infineon Technologies to a “strong-buy” rating in a research note on Thursday, October 10th.

About Infineon Technologies

Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and semiconductor-based solutions worldwide. Its Automotive segment offers automotive microcontrollers; 3D ToF, magnetic, and pressure sensors; discrete power semiconductors; IGBT modules; industrial microcontrollers; power and memory ICs; transceivers; diodes, MOSEFTs, and modules; and voltage regulators for use in assistance and safety systems, comfort electronics, infotainment, powertrain, and security products.