Short Interest in Iqe Plc (OTCMKTS:IQEPF) Drops By 85.2%

Key Points

• Short interest in IQE dropped by 85.2% in March to 259,200 shares (from 1,753,359 on March 15), leaving a days-to-cover ratio of 0.1 days.
• IQE stock traded up to $0.51 on Friday on above-average volume (2.43M vs. average 1.20M), with a 52-week range of $0.06–$0.54 and 50/200-day moving averages of $0.25 and $0.14.
• IQE is a Cardiff-based supplier of epitaxial wafers and compound semiconductor materials, including indium phosphide, gallium arsenide, gallium nitride and silicon-germanium.

Iqe Plc (OTCMKTS:IQEPF - Get Free Report) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totaling 259,200 shares, a decrease of 85.2% from the March 15th total of 1,753,359 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 3,349,688 shares, the days-to-cover ratio is currently 0.1 days.

IQE Stock Performance

OTCMKTS:IQEPF traded up $0.09 during mid-day trading on Friday, hitting $0.51. The company's stock had a trading volume of 2,433,592 shares, compared to its average volume of 1,203,221. IQE has a fifty-two week low of $0.06 and a fifty-two week high of $0.54. The stock has a fifty day moving average of $0.25 and a 200-day moving average of $0.14.

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.

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