Infineon Technologies AG (OTCMKTS:IFNNY) Short Interest Up 132.6% in January

Infineon Technologies AG (OTCMKTS:IFNNY) was the recipient of a significant increase in short interest in January. As of January 30th, there was short interest totaling 222,780 shares, an increase of 132.6% from the January 15th total of 95,760 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 782,228 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 782,228 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

IFNNY has been the topic of several research analyst reports. Zacks Research cut shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Wall Street Zen upgraded shares of Infineon Technologies from a “hold” rating to a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Infineon Technologies Stock Performance

Shares of IFNNY traded up $0.76 on Friday, reaching $51.51. The company’s stock had a trading volume of 154,528 shares, compared to its average volume of 316,806. The stock’s 50 day simple moving average is $46.79 and its two-hundred day simple moving average is $42.23. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.70 and a quick ratio of 0.98. The stock has a market capitalization of $63.28 billion, a P/E ratio of 55.39, a PEG ratio of 0.97 and a beta of 1.80. Infineon Technologies has a 12-month low of $25.80 and a 12-month high of $52.75.

Infineon Technologies (OTCMKTS:IFNNY) last released its earnings results on Wednesday, February 4th. The technology company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. Infineon Technologies had a net margin of 7.51% and a return on equity of 11.37%. The company had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $3.65 billion. Research analysts forecast that Infineon Technologies will post 1.61 earnings per share for the current fiscal year.

About Infineon Technologies

Infineon Technologies AG (OTCMKTS:IFNNY) is a global semiconductor manufacturer that develops, manufactures and markets a broad range of semiconductor and system solutions. The company’s product portfolio includes power semiconductors and modules, microcontrollers and system-on-chip (SoC) solutions, analog and mixed-signal components, sensors and security controllers. Infineon’s technologies are used to enable energy-efficient power conversion, electrification, connectivity and secure data processing across multiple end markets.

Infineon was formed as a spin-off from Siemens AG in 1999 and is headquartered near Munich in Neubiberg, Germany.