Iqe Plc (OTCMKTS:IQEPF) Sees Significant Decline in Short Interest

Iqe Plc (OTCMKTS:IQEPF) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 171,729 shares, a decrease of 88.9% from the June 15th total of 1,541,686 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 3,375,306 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on shares of IQE in a report on Wednesday, May 27th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

IQE Stock Down 3.8%

Shares of IQEPF traded down $0.02 during midday trading on Friday, reaching $0.52. 180,166 shares of the stock were exchanged, compared to its average volume of 2,063,553. IQE has a twelve month low of $0.06 and a twelve month high of $0.95. The business’s 50-day moving average price is $0.63 and its 200 day moving average price is $0.40.

IQE Company Profile

IQE plc is a leading global supplier of advanced wafer products and wafer-based material solutions for the semiconductor industry. Headquartered in Cardiff, Wales, the company specializes in the development and manufacturing of epitaxial wafers—ultra-thin layers of compound semiconductor materials—used in a wide range of high-performance electronic and photonic devices.

The company’s product portfolio encompasses key compound semiconductor materials such as indium phosphide, gallium arsenide, gallium nitride and silicon-germanium.