Integrated Media Technology Limited (NASDAQ:IMTE) Short Interest Update

Integrated Media Technology Limited (NASDAQ:IMTE) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 20,892 shares, a decrease of 57.7% from the June 15th total of 49,361 shares. Based on an average daily volume of 31,037 shares, the short-interest ratio is presently 0.7 days. Currently, 0.6% of the company’s stock are sold short.

Integrated Media Technology Stock Up 3.9%

Shares of NASDAQ:IMTE traded up $0.02 during trading on Tuesday, hitting $0.51. 17,252 shares of the company were exchanged, compared to its average volume of 628,638. Integrated Media Technology has a fifty-two week low of $0.40 and a fifty-two week high of $1.54. The firm has a fifty day moving average price of $0.52 and a two-hundred day moving average price of $0.60.

Integrated Media Technology Company Profile

Integrated Media Technology (NASDAQ: IMTE) is a semiconductor company specializing in digital audio processing solutions for consumer electronics, telecommunications equipment and professional audio applications. The company’s core business revolves around the design, development and sale of digital signal processing (DSP) chips, audio modules and accompanying firmware and software algorithms. Its product portfolio includes high-performance audio codecs, multi-channel DSP cores, noise reduction and echo cancellation engines, all tailored to enhance audio quality in smart speakers, soundbars, televisions, set-top boxes and conferencing devices.

In addition to standalone chips, Integrated Media Technology offers turnkey hardware modules that integrate its DSP IP with analog-to-digital converters (ADCs), digital-to-analog converters (DACs) and power management subsystems.