Infineon Technologies AG (OTCMKTS:IFNNY) Short Interest Update

Infineon Technologies AG (OTCMKTS:IFNNY) was the recipient of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 12,900 shares, a drop of 93.5% from the October 31st total of 198,200 shares. Based on an average daily volume of 469,800 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Citigroup upgraded shares of Infineon Technologies to a “strong-buy” rating in a report on Thursday, October 10th. New Street Research upgraded shares of Infineon Technologies to a “strong-buy” rating in a report on Monday, September 9th.

Infineon Technologies Stock Performance

Shares of Infineon Technologies stock remained flat at $31.84 during trading on Wednesday. The company had a trading volume of 240,415 shares, compared to its average volume of 271,243. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.89 and a quick ratio of 1.08. The stock has a 50 day moving average of $32.61 and a 200-day moving average of $35.34. Infineon Technologies has a fifty-two week low of $30.06 and a fifty-two week high of $42.45. The firm has a market capitalization of $41.58 billion, a PE ratio of 30.32, a P/E/G ratio of 1.92 and a beta of 1.91.

Infineon Technologies (OTCMKTS:IFNNY) last issued its earnings results on Tuesday, November 12th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. The company had revenue of $4.31 billion during the quarter. Infineon Technologies had a net margin of 8.64% and a return on equity of 14.25%. As a group, sell-side analysts anticipate that Infineon Technologies will post 1.73 EPS for the current fiscal year.

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.