Iqe Plc (OTCMKTS:IQEPF) Short Interest Update

Iqe Plc (OTCMKTS:IQEPF) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 611,930 shares, an increase of 142.2% from the July 30th total of 252,627 shares. Based on an average trading volume of 1,080,774 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the shares of the company are short sold.

Wall Street Analyst Weigh In

IQEPF has been the topic of a number of recent analyst reports. Panmure Gordon raised IQE to a “buy” rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of IQE in a report on Wednesday, July 22nd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, IQE currently has an average rating of “Buy”.

IQE Stock Down 0.9%

IQEPF stock traded down $0.01 during trading on Friday, reaching $0.66. 213,429 shares of the stock traded hands, compared to its average volume of 1,726,556. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.76 and a quick ratio of 0.53. IQE has a 52-week low of $0.06 and a 52-week high of $0.95. The business’s 50 day moving average price is $0.60 and its 200-day moving average price is $0.52.

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.