Short Interest in Infineon Technologies AG (OTCMKTS:IFNNY) Rises By 79.2%

Infineon Technologies AG (OTCMKTS:IFNNY) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 129,200 shares, a growth of 79.2% from the December 15th total of 72,100 shares. Based on an average daily volume of 416,600 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised Infineon Technologies to a “strong-buy” rating in a research note on Thursday, October 10th.

Infineon Technologies Price Performance

IFNNY stock opened at $33.87 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.90 and a quick ratio of 1.08. Infineon Technologies has a 1 year low of $30.06 and a 1 year high of $41.84. The firm has a 50-day moving average of $32.87 and a 200 day moving average of $33.86. The company has a market cap of $44.23 billion, a P/E ratio of 32.26, a PEG ratio of 2.25 and a beta of 1.87.

Infineon Technologies (OTCMKTS:IFNNY) last announced its earnings results on Tuesday, November 12th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. Infineon Technologies had a return on equity of 14.27% and a net margin of 8.64%. The firm had revenue of $4.31 billion during the quarter. On average, sell-side analysts forecast that Infineon Technologies will post 1.61 EPS for the current year.

Infineon Technologies Company Profile

Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and semiconductor-based solutions worldwide. Its Automotive segment offers automotive microcontrollers; 3D ToF, magnetic, and pressure sensors; discrete power semiconductors; IGBT modules; industrial microcontrollers; power and memory ICs; transceivers; diodes, MOSEFTs, and modules; and voltage regulators for use in assistance and safety systems, comfort electronics, infotainment, powertrain, and security products.