Short Interest in Infineon Technologies AG (OTCMKTS:IFNNF) Expands By 7.6%

Infineon Technologies AG (OTCMKTS:IFNNF) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 6,754,900 shares, an increase of 7.6% from the March 15th total of 6,278,800 shares. Based on an average daily trading volume, of 3,100 shares, the days-to-cover ratio is currently 2,179.0 days.

Infineon Technologies Price Performance

IFNNF traded up $0.23 during trading on Tuesday, hitting $34.25. 433 shares of the company’s stock were exchanged, compared to its average volume of 3,590. Infineon Technologies has a 1 year low of $28.94 and a 1 year high of $44.10. The stock has a 50 day moving average price of $35.39 and a 200 day moving average price of $36.01.

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.