Short Interest in Iqe Plc (OTCMKTS:IQEPF) Decreases By 51.4%

Iqe Plc (OTCMKTS:IQEPF) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 252,627 shares, a drop of 51.4% from the July 15th total of 520,238 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 1,529,535 shares, the short-interest ratio is presently 0.2 days.

IQE Stock Performance

Shares of IQEPF traded down $0.03 during trading on Tuesday, reaching $0.66. 481,695 shares of the company traded hands, compared to its average volume of 1,800,297. The stock has a 50-day simple moving average of $0.60 and a 200-day simple moving average of $0.49. IQE has a twelve month low of $0.06 and a twelve month high of $0.95. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.76 and a quick ratio of 0.53.

Analyst Ratings Changes

A number of research analysts recently commented on IQEPF shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of IQE in a report on Wednesday, July 22nd. Panmure Gordon raised IQE to a “buy” rating in a research note on Monday, July 13th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, IQE has an average rating of “Buy”.

About IQE

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.