Integrated Media Technology Limited (NASDAQ:IMTE) Short Interest Update

Integrated Media Technology Limited (NASDAQ:IMTE) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 38,287 shares, a decrease of 45.5% from the April 15th total of 70,251 shares. Based on an average daily trading volume, of 35,146 shares, the short-interest ratio is currently 1.1 days. Approximately 1.1% of the company’s stock are short sold.

Integrated Media Technology Stock Down 10.7%

Integrated Media Technology stock traded down $0.06 during trading hours on Monday, reaching $0.47. 76,179 shares of the company were exchanged, compared to its average volume of 833,706. The stock has a 50-day moving average of $0.60 and a 200 day moving average of $0.68. Integrated Media Technology has a 12 month low of $0.41 and a 12 month high of $1.54.

Integrated Media Technology (NASDAQ:IMTE) last announced its earnings results on Tuesday, February 10th. The company reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $0.03 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Integrated Media Technology in a report on Tuesday, February 3rd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Integrated Media Technology presently has an average rating of “Sell”.

About Integrated Media Technology

Integrated Media Technology (NASDAQ: IMTE) is a semiconductor company specializing in digital audio processing solutions for consumer electronics, telecommunications equipment and professional audio applications. The company’s core business revolves around the design, development and sale of digital signal processing (DSP) chips, audio modules and accompanying firmware and software algorithms. Its product portfolio includes high-performance audio codecs, multi-channel DSP cores, noise reduction and echo cancellation engines, all tailored to enhance audio quality in smart speakers, soundbars, televisions, set-top boxes and conferencing devices.

In addition to standalone chips, Integrated Media Technology offers turnkey hardware modules that integrate its DSP IP with analog-to-digital converters (ADCs), digital-to-analog converters (DACs) and power management subsystems.