Integrated Media Technology Limited (NASDAQ:IMTE) Short Interest Down 26.6% in February

Integrated Media Technology Limited (NASDAQ:IMTE) was the target of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 41,113 shares, a drop of 26.6% from the January 29th total of 56,026 shares. Based on an average daily trading volume, of 32,150 shares, the short-interest ratio is presently 1.3 days. Currently, 1.2% of the company’s shares are sold short. Currently, 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 32,150 shares, the short-interest ratio is presently 1.3 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Integrated Media Technology in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Integrated Media Technology Stock Up 16.8%

Integrated Media Technology stock traded up $0.10 during mid-day trading on Monday, hitting $0.66. 507,784 shares of the stock were exchanged, compared to its average volume of 628,728. Integrated Media Technology has a 12 month low of $0.50 and a 12 month high of $3.17. The firm’s fifty day simple moving average is $0.67 and its two-hundred day simple moving average is $0.84.

Integrated Media Technology (NASDAQ:IMTE) last posted its quarterly earnings data on Monday, February 9th. The company reported $0.04 earnings per share for the quarter. The firm had revenue of $0.03 million for the quarter.

About Integrated Media Technology

Integrated Media Technology (NASDAQ: IMTE) is a semiconductor company specializing in digital audio processing solutions for consumer electronics, telecommunications equipment and professional audio applications. The company’s core business revolves around the design, development and sale of digital signal processing (DSP) chips, audio modules and accompanying firmware and software algorithms. Its product portfolio includes high-performance audio codecs, multi-channel DSP cores, noise reduction and echo cancellation engines, all tailored to enhance audio quality in smart speakers, soundbars, televisions, set-top boxes and conferencing devices.

In addition to standalone chips, Integrated Media Technology offers turnkey hardware modules that integrate its DSP IP with analog-to-digital converters (ADCs), digital-to-analog converters (DACs) and power management subsystems.