Infineon Technologies AG (OTCMKTS:IFNNY) Short Interest Up 132.6% in January

Infineon Technologies AG (OTCMKTS:IFNNY) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 222,780 shares, an increase of 132.6% from the January 15th total of 95,760 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 782,228 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 782,228 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Zacks Research lowered Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Wall Street Zen upgraded shares of Infineon Technologies from a “hold” rating to a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Infineon Technologies currently has an average rating of “Buy”.

Infineon Technologies Price Performance

IFNNY traded up $0.83 on Friday, hitting $51.58. 125,249 shares of the company’s stock were exchanged, compared to its average volume of 278,695. Infineon Technologies has a fifty-two week low of $25.80 and a fifty-two week high of $52.75. The stock has a market cap of $63.37 billion, a price-to-earnings ratio of 55.47, a P/E/G ratio of 1.00 and a beta of 1.80. The firm has a 50-day moving average price of $46.64 and a 200-day moving average price of $42.16. The company has a current ratio of 1.70, a quick ratio of 0.98 and a debt-to-equity ratio of 0.36.

Infineon Technologies (OTCMKTS:IFNNY) last posted its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The business had revenue of $4.33 billion during the quarter, compared to analyst estimates of $3.65 billion. Infineon Technologies had a return on equity of 11.37% and a net margin of 7.51%. As a group, equities analysts anticipate that Infineon Technologies will post 1.61 earnings per share for the current year.

About Infineon Technologies

Infineon Technologies AG (OTCMKTS:IFNNY) is a global semiconductor manufacturer that develops, manufactures and markets a broad range of semiconductor and system solutions. The company’s product portfolio includes power semiconductors and modules, microcontrollers and system-on-chip (SoC) solutions, analog and mixed-signal components, sensors and security controllers. Infineon’s technologies are used to enable energy-efficient power conversion, electrification, connectivity and secure data processing across multiple end markets.

Infineon was formed as a spin-off from Siemens AG in 1999 and is headquartered near Munich in Neubiberg, Germany.