Short Interest in Infineon Technologies AG (OTCMKTS:IFNNY) Expands By 41.5%

by · The Cerbat Gem

Infineon Technologies AG (OTCMKTS:IFNNY – Get Free Report) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 106,333 shares, a growth of 41.5% from the November 30th total of 75,123 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 855,251 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 855,251 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Infineon Technologies Stock Performance

Shares of Infineon Technologies stock opened at $43.23 on Tuesday. The company’s 50 day moving average price is $40.86 and its two-hundred day moving average price is $40.70. The firm has a market capitalization of $56.45 billion, a P/E ratio of 47.51, a P/E/G ratio of 3.55 and a beta of 1.80. Infineon Technologies has a fifty-two week low of $25.80 and a fifty-two week high of $45.13. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.70 and a quick ratio of 0.98.

Infineon Technologies (OTCMKTS:IFNNY – Get Free Report) last issued its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The firm had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $3.92 billion. Infineon Technologies had a return on equity of 10.87% and a net margin of 7.57%. On average, equities analysts forecast that Infineon Technologies will post 1.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Infineon Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Read Our Latest Stock Analysis on Infineon Technologies

About Infineon Technologies

(Get Free Report)

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.

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