Integrated Media Technology Limited (NASDAQ:IMTE) Sees Significant Growth in Short Interest

Integrated Media Technology Limited (NASDAQ:IMTE) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 55,494 shares, a growth of 323.9% from the July 30th total of 13,091 shares. Approximately 1.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,236,271 shares, the days-to-cover ratio is presently 0.0 days.

Integrated Media Technology Stock Up 0.1%

NASDAQ IMTE traded up $0.00 during trading on Wednesday, hitting $0.47. 1,532 shares of the company’s stock were exchanged, compared to its average volume of 591,710. Integrated Media Technology has a fifty-two week low of $0.40 and a fifty-two week high of $1.38. The stock’s 50 day moving average price is $0.49 and its two-hundred day moving average price is $0.55.

About Integrated Media Technology

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.