Infineon Technologies AG (OTCMKTS:IFNNY) Short Interest Update

Infineon Technologies AG (OTCMKTS:IFNNY) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 129,200 shares, an increase of 79.2% from the December 15th total of 72,100 shares. Based on an average daily volume of 416,600 shares, the days-to-cover ratio is presently 0.3 days.

Infineon Technologies Stock Performance

Shares of OTCMKTS IFNNY opened at $33.87 on Wednesday. The stock’s 50-day moving average is $32.87 and its 200 day moving average is $33.86. The stock has a market cap of $44.23 billion, a price-to-earnings ratio of 32.26, a P/E/G ratio of 2.25 and a beta of 1.87. Infineon Technologies has a 1-year low of $30.06 and a 1-year high of $41.84. The company has a current ratio of 1.90, a quick ratio of 1.08 and a debt-to-equity ratio of 0.27.

Infineon Technologies (OTCMKTS:IFNNY) last posted its quarterly earnings results on Tuesday, November 12th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.51 by $0.03. Infineon Technologies had a net margin of 8.64% and a return on equity of 14.27%. The firm had revenue of $4.31 billion for the quarter. On average, sell-side analysts anticipate that Infineon Technologies will post 1.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Citigroup raised Infineon Technologies to a “strong-buy” rating in a report 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.