Integrated Media Technology Limited (NASDAQ:IMTE) Short Interest Update

Integrated Media Technology Limited (NASDAQ:IMTE) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 47,229 shares, an increase of 126.1% from the June 30th total of 20,892 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average trading volume of 187,814 shares, the short-interest ratio is currently 0.3 days.

Integrated Media Technology Price Performance

Shares of IMTE stock traded down $0.01 during mid-day trading on Wednesday, reaching $0.44. The stock had a trading volume of 7,642 shares, compared to its average volume of 581,862. Integrated Media Technology has a one year low of $0.40 and a one year high of $1.38. The firm’s 50 day simple moving average is $0.51 and its 200 day simple moving average is $0.59.

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.