Infineon Technologies AG (OTCMKTS:IFNNY) Sees Large Increase in Short Interest

Key Points

• Short interest in Infineon Technologies surged 87.4% to 383,565 shares as of October 15, up from 204,710 shares at the end of September. Despite the increase, short interest represents 0.0% of shares outstanding and equals about 0.5 days of average trading volume.
• The stock opened at $56.35, compared with a 52-week range of $36.10 to $103.28, and has a market capitalization of approximately $73.43 billion. Its 50-day and 200-day moving averages were $63.93 and $65.20, respectively.
• Infineon exceeded quarterly expectations with $0.51 in earnings per share versus a $0.48 consensus estimate and revenue of $4.82 billion. Analyst sentiment remains a “Moderate Buy,” though recent ratings were mixed, including a downgrade from Zacks Research and an upgrade from DZ Bank.

Infineon Technologies AG (OTCMKTS:IFNNY - Get Free Report) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 383,565 shares, a growth of 87.4% from the September 30th total of 204,710 shares. Based on an average trading volume of 772,415 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the shares of the company are short sold.

Infineon Technologies Stock Performance

Shares of OTCMKTS:IFNNY opened at $56.35 on Friday. Infineon Technologies has a 1 year low of $36.10 and a 1 year high of $103.28. The stock has a market capitalization of $73.43 billion, a price-to-earnings ratio of 49.87, a price-to-earnings-growth ratio of 0.39 and a beta of 2.26. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.73 and a quick ratio of 0.97. The company's 50 day simple moving average is $63.93 and its 200 day simple moving average is $65.20.

Infineon Technologies (OTCMKTS:IFNNY - Get Free Report) last released its earnings results on Wednesday, August 5th. The technology company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. The firm had revenue of $4.82 billion during the quarter, compared to analysts' expectations of $4.76 billion. Infineon Technologies had a return on equity of 11.39% and a net margin of 8.37%. As a group, research analysts predict that Infineon Technologies will post 2.00 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Zacks Research lowered shares of Infineon Technologies from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 24th. DZ Bank raised shares of Infineon Technologies to a "strong-buy" rating in a report on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Infineon Technologies presently has a consensus rating of "Moderate Buy".

Infineon Technologies Company Profile

Infineon Technologies AG is a Germany-based semiconductor manufacturer that develops and produces solutions for automotive, industrial, communications, consumer electronics and energy applications. The company's products are designed to improve energy efficiency, enable reliable connectivity and support the digitalization of devices and infrastructure.

Its portfolio includes power semiconductors, automotive microcontrollers, sensors, security components, connectivity products and systems for power management.

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