IQE plc (OTCMKTS:IQEPF) Short Interest Up 401.5% in November

IQE plc (OTCMKTS:IQEPF) was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 1,324,500 shares, a growth of 401.5% from the October 31st total of 264,100 shares. Based on an average daily trading volume, of 55,200 shares, the days-to-cover ratio is presently 24.0 days.

IQE Price Performance

OTCMKTS IQEPF remained flat at $0.16 on Wednesday. The company’s fifty day simple moving average is $0.18 and its 200-day simple moving average is $0.31. IQE has a 12 month low of $0.13 and a 12 month high of $0.46. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16.

About IQE

IQE plc, together with its subsidiaries, develops, manufactures, and sells advanced semiconductor materials. It operates through three segments: Wireless, Photonics, and CMOS++. The company manufactures and sells compound semiconductor materials for the wireless market which includes radio frequency devices for wireless communications, and photonics market, that includes applications that transmit and sense visible and infrared lights, as well as advanced semiconductor materials related to silicon.