IQE plc (OTCMKTS:IQEPF) Sees Large Growth in Short Interest

IQE plc (OTCMKTS:IQEPF) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 264,100 shares, a growth of 3,007.1% from the October 15th total of 8,500 shares. Based on an average daily volume of 51,900 shares, the short-interest ratio is currently 5.1 days.

IQE Price Performance

IQEPF stock opened at $0.16 on Wednesday. The firm has a 50 day moving average price of $0.21 and a 200-day moving average price of $0.32. IQE has a 52-week low of $0.13 and a 52-week 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.