Iqe Plc (OTCMKTS:IQEPF) Short Interest Update

Iqe Plc (OTCMKTS:IQEPF) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totaling 196,905 shares, a decline of 64.7% from the August 31st total of 558,028 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 731,419 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Panmure Gordon upgraded IQE to a “buy” rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of IQE in a research note on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, IQE has a consensus rating of “Buy”.

IQE Stock Up 6.9%

OTCMKTS IQEPF traded up $0.04 during trading hours on Friday, hitting $0.62. The company’s stock had a trading volume of 212,080 shares, compared to its average volume of 291,472. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.76 and a quick ratio of 0.53. IQE has a 52 week low of $0.06 and a 52 week high of $0.95. The company’s 50-day simple moving average is $0.61 and its two-hundred day simple moving average is $0.57.

About IQE

IQE plc is a global semiconductor materials company specializing in the design and manufacture of advanced semiconductor wafers and substrate materials. The company uses epitaxy, a process that deposits highly controlled crystalline layers onto semiconductor wafers, to produce materials with properties tailored for specific electronic and optoelectronic applications.

Its products support a range of markets, including wireless communications, consumer electronics, photonics, optical communications, sensing, high-performance computing, and automotive technologies.