Infineon Technologies AG (OTCMKTS:IFNNY) Short Interest Up 10.5% in October

Infineon Technologies AG (OTCMKTS:IFNNY) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 198,200 shares, a growth of 10.5% from the October 15th total of 179,400 shares. Based on an average daily volume of 621,300 shares, the short-interest ratio is currently 0.3 days.

Infineon Technologies Stock Down 1.3 %

Shares of OTCMKTS:IFNNY opened at $31.79 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.08 and a current ratio of 1.89. The business has a fifty day moving average of $32.82 and a 200-day moving average of $35.66. Infineon Technologies has a twelve month low of $30.06 and a twelve month high of $42.45.

Infineon Technologies (OTCMKTS:IFNNY) last released its earnings results on Tuesday, November 12th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The company had revenue of $4.31 billion for the quarter. Infineon Technologies had a net margin of 8.64% and a return on equity of 14.25%. Analysts forecast that Infineon Technologies will post 1.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Infineon Technologies Company Profile

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.