Iqe Plc (OTCMKTS:IQEPF) Short Interest Update

Iqe Plc (OTCMKTS:IQEPF) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 520,238 shares, a growth of 202.9% from the June 30th total of 171,729 shares. Based on an average daily volume of 2,493,933 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

IQE Price Performance

IQEPF stock opened at $0.64 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.76 and a debt-to-equity ratio of 0.02. IQE has a one year low of $0.06 and a one year high of $0.95. The company has a 50 day moving average price of $0.61 and a two-hundred day moving average price of $0.43.

Analyst Ratings Changes

IQEPF has been the subject of a number of recent research reports. Panmure Gordon raised shares of IQE to a “buy” rating in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of IQE in a report on Wednesday. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.

About IQE

IQE plc is a leading global supplier of advanced wafer products and wafer-based material solutions for the semiconductor industry. Headquartered in Cardiff, Wales, the company specializes in the development and manufacturing of epitaxial wafers—ultra-thin layers of compound semiconductor materials—used in a wide range of high-performance electronic and photonic devices.

The company’s product portfolio encompasses key compound semiconductor materials such as indium phosphide, gallium arsenide, gallium nitride and silicon-germanium.