Iqe Plc (OTCMKTS:IQEPF) Short Interest Update

Iqe Plc (OTCMKTS:IQEPF) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,408,180 shares, a growth of 660.9% from the May 14th total of 185,076 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 8,683,220 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on IQE in a report on Wednesday, May 27th. They set a “buy” rating for the company. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, IQE presently has a consensus rating of “Buy”.

IQE Stock Performance

Shares of IQEPF stock opened at $0.53 on Wednesday. The firm’s 50 day moving average is $0.60 and its 200 day moving average is $0.31. IQE has a 12 month low of $0.06 and a 12 month high of $0.95.

IQE Company Profile

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.