Short Interest in Infineon Technologies AG (OTCMKTS:IFNNF) Expands By 10.1%

Infineon Technologies AG (OTCMKTS:IFNNF) saw a large growth in short interest in November. As of November 30th, there was short interest totalling 2,774,200 shares, a growth of 10.1% from the November 15th total of 2,520,100 shares. Based on an average daily trading volume, of 7,200 shares, the short-interest ratio is currently 385.3 days.

Infineon Technologies Price Performance

Shares of IFNNF stock traded up $0.98 on Monday, hitting $35.04. 1,010 shares of the company’s stock were exchanged, compared to its average volume of 6,478. The company has a 50 day moving average of $32.55 and a 200 day moving average of $34.64. Infineon Technologies has a 12 month low of $29.80 and a 12 month high of $42.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Infineon Technologies stock. Eagle Bay Advisors LLC acquired a new stake in Infineon Technologies AG (OTCMKTS:IFNNF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,100 shares of the company’s stock, valued at approximately $39,000. Institutional investors own 44.76% of the company’s stock.

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.