Short Interest in Iqe Plc (OTCMKTS:IQEPF) Rises By 180.5%

Key Points

• Short interest in IQE surged 180.5% in April to 727,000 shares, about 0.1% of the stock, with a days-to-cover ratio of 0.3 days given average daily volume.
• IQE shares recently traded at $0.66 on volume of ~2.11M shares (above the ~1.82M average), with 50-day/200-day moving averages of $0.39/$0.19 and a 52-week range of $0.06–$0.95.
• IQE plc is a Cardiff-based supplier of epitaxial wafers and compound semiconductor materials used in high-performance electronic and photonic devices.

Iqe Plc (OTCMKTS:IQEPF - Get Free Report) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 727,000 shares, a growth of 180.5% from the March 31st total of 259,200 shares. Currently, 0.1% of the company's stock are short sold. Based on an average daily trading volume, of 2,893,180 shares, the days-to-cover ratio is presently 0.3 days.

IQE Stock Performance

OTCMKTS:IQEPF traded down $0.01 during trading hours on Friday, hitting $0.66. The company's stock had a trading volume of 2,110,207 shares, compared to its average volume of 1,821,063. The stock has a fifty day moving average of $0.39 and a 200-day moving average of $0.19. IQE has a 52-week low of $0.06 and a 52-week high of $0.95.

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.

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