Short Interest in OnChip Technologies, Inc. (NASDAQ:ONCH) Declines By 57.9%

OnChip Technologies, Inc. (NASDAQ:ONCH) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 4,437 shares, a decline of 57.9% from the May 31st total of 10,541 shares. Based on an average daily trading volume, of 1,876 shares, the short-interest ratio is presently 2.4 days.

Analyst Ratings Changes

Separately, Weiss Ratings raised OnChip Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

OnChip Technologies Stock Down 0.0%

Shares of NASDAQ ONCH traded down $0.01 during midday trading on Tuesday, reaching $10.26. The company’s stock had a trading volume of 120,744 shares, compared to its average volume of 46,489. OnChip Technologies has a one year low of $10.13 and a one year high of $10.63. The company has a 50 day moving average price of $10.22 and a 200 day moving average price of $10.20.

OnChip Technologies (NASDAQ:ONCH) last issued its earnings results on Friday, March 27th. The company reported $0.09 earnings per share for the quarter.

OnChip Technologies, Inc (NASDAQ:ONCH) is a fabless semiconductor company specializing in edge-based voice and audio processing solutions. The company develops digital signal processing (DSP) intellectual property cores and accompanying software frameworks designed to enable low-power, always-listening voice interfaces and advanced audio features. By integrating custom DSP hardware blocks with optimized software, OnChip enables functionalities such as keyword spotting, noise reduction, echo cancellation and far-field voice capture in compact system-on-chip (SoC) designs.

OnChip’s product portfolio consists of licensable DSP IP blocks, software development kits (SDKs) and turnkey reference designs that original equipment manufacturers (OEMs) and semiconductor partners can embed directly into consumer electronics, automotive infotainment systems, smart home devices and industrial automation platforms.