IQE plc (OTCMKTS:IQEPF) Sees Significant Growth in Short Interest

IQE plc (OTCMKTS:IQEPF) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 264,100 shares, an increase of 3,007.1% from the October 15th total of 8,500 shares. Based on an average daily trading volume, of 51,900 shares, the days-to-cover ratio is presently 5.1 days.

IQE Stock Performance

IQE stock remained flat at $0.16 during midday trading on Tuesday. 150 shares of the company were exchanged, compared to its average volume of 14,411. The firm has a fifty day moving average of $0.22 and a two-hundred day moving average of $0.32. IQE has a 1 year low of $0.13 and a 1 year high of $0.46. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 1.37.

About IQE

IQE plc, together with its subsidiaries, develops, manufactures, and sells advanced semiconductor materials. It operates through three segments: Wireless, Photonics, and CMOS++. The company manufactures and sells compound semiconductor materials for the wireless market which includes radio frequency devices for wireless communications, and photonics market, that includes applications that transmit and sense visible and infrared lights, as well as advanced semiconductor materials related to silicon.