Infineon Technologies AG (OTCMKTS:IFNNY) Sees Large Increase in Short Interest

Infineon Technologies AG (OTCMKTS:IFNNY) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 383,565 shares, a growth of 87.4% from the September 30th total of 204,710 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 772,415 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Ratings Changes

Several brokerages recently issued reports on IFNNY. Zacks Research lowered shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. DZ Bank raised shares of Infineon Technologies to a “strong-buy” rating in a research note on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Infineon Technologies has an average rating of “Moderate Buy”.

Infineon Technologies Stock Performance

Shares of IFNNY stock opened at $56.35 on Friday. The stock has a market capitalization of $73.43 billion, a PE ratio of 49.87, a PEG ratio of 0.39 and a beta of 2.26. The business’s 50 day simple moving average is $63.93 and its 200 day simple moving average is $65.20. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.73 and a quick ratio of 0.97. Infineon Technologies has a one year low of $36.10 and a one year high of $103.28.

Infineon Technologies (OTCMKTS:IFNNY) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. The firm had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.76 billion. Infineon Technologies had a net margin of 8.37% and a return on equity of 11.39%. As a group, research analysts forecast that Infineon Technologies will post 2.00 earnings per share for the current year.

Infineon Technologies Company Profile

Infineon Technologies AG is a Germany-based semiconductor manufacturer that develops and produces solutions for automotive, industrial, communications, consumer electronics and energy applications. The company’s products are designed to improve energy efficiency, enable reliable connectivity and support the digitalization of devices and infrastructure.

Its portfolio includes power semiconductors, automotive microcontrollers, sensors, security components, connectivity products and systems for power management.