Integrated Media Technology Limited (NASDAQ:IMTE – Get Free Report) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 19,622 shares, a drop of 64.6% from the August 15th total of 55,494 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 16,048 shares, the short-interest ratio is presently 1.2 days.
Integrated Media Technology Stock Performance
IMTE opened at $0.45 on Tuesday. Integrated Media Technology has a 12 month low of $0.40 and a 12 month high of $1.38. The company has a fifty day simple moving average of $0.48 and a 200 day simple moving average of $0.54.
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.
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