OnChip Technologies, Inc. (NASDAQ:ONCH) Short Interest Down 60.7% in June

OnChip Technologies, Inc. (NASDAQ:ONCH) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 1,742 shares, a decrease of 60.7% from the June 15th total of 4,437 shares. Based on an average daily volume of 14,965 shares, the days-to-cover ratio is currently 0.1 days.

OnChip Technologies Stock Up 0.2%

Shares of ONCH stock traded up $0.03 on Wednesday, reaching $10.31. 11 shares of the company were exchanged, compared to its average volume of 44,866. The business has a 50-day moving average price of $10.24 and a 200 day moving average price of $10.21. OnChip Technologies has a 1 year low of $10.13 and a 1 year high of $10.63.

OnChip Technologies (NASDAQ:ONCH) last issued its quarterly earnings results on Friday, March 27th. The company reported $0.09 earnings per share for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded OnChip Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, OnChip Technologies presently has an average rating of “Sell”.

OnChip Technologies, Inc (NASDAQ:ONCH) is a fabless semiconductor company specializing in edge-based voice and audio processing solutions. The company develops digital signal processing (DSP) intellectual property cores and accompanying software frameworks designed to enable low-power, always-listening voice interfaces and advanced audio features. By integrating custom DSP hardware blocks with optimized software, OnChip enables functionalities such as keyword spotting, noise reduction, echo cancellation and far-field voice capture in compact system-on-chip (SoC) designs.

OnChip’s product portfolio consists of licensable DSP IP blocks, software development kits (SDKs) and turnkey reference designs that original equipment manufacturers (OEMs) and semiconductor partners can embed directly into consumer electronics, automotive infotainment systems, smart home devices and industrial automation platforms.