OnChip Technologies, Inc. (NASDAQ:ONCH) Sees Large Growth in Short Interest

OnChip Technologies, Inc. (NASDAQ:ONCH) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 312 shares, a growth of 134.6% from the April 15th total of 133 shares. Based on an average trading volume of 14,192 shares, the days-to-cover ratio is currently 0.0 days.

OnChip Technologies Stock Performance

OnChip Technologies stock traded up $0.00 during midday trading on Friday, hitting $10.20. 8,915 shares of the stock were exchanged, compared to its average volume of 54,935. OnChip Technologies has a 1 year low of $10.13 and a 1 year high of $10.63. The company has a 50 day moving average price of $10.17 and a two-hundred day moving average price of $10.22.

OnChip Technologies (NASDAQ:ONCH) last released its quarterly earnings results on Friday, March 27th. The company reported $0.09 earnings per share (EPS) for the quarter.

OnChip Technologies, Inc (NASDAQ:ONCH) is a fabless semiconductor company specializing in edge-based voice and audio processing solutions. The company develops digital signal processing (DSP) intellectual property cores and accompanying software frameworks designed to enable low-power, always-listening voice interfaces and advanced audio features. By integrating custom DSP hardware blocks with optimized software, OnChip enables functionalities such as keyword spotting, noise reduction, echo cancellation and far-field voice capture in compact system-on-chip (SoC) designs.

OnChip’s product portfolio consists of licensable DSP IP blocks, software development kits (SDKs) and turnkey reference designs that original equipment manufacturers (OEMs) and semiconductor partners can embed directly into consumer electronics, automotive infotainment systems, smart home devices and industrial automation platforms.