OnChip Technologies, Inc. (NASDAQ:ONCH) Sees Significant Increase in Short Interest

OnChip Technologies, Inc. (NASDAQ:ONCH) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 312 shares, an increase of 134.6% from the April 15th total of 133 shares. Based on an average daily trading volume, of 14,192 shares, the short-interest ratio is presently 0.0 days.

OnChip Technologies Trading Up 0.0%

Shares of ONCH stock traded up $0.00 during trading on Friday, hitting $10.20. The company had a trading volume of 8,915 shares, compared to its average volume of 54,935. The stock’s 50-day moving average price is $10.17 and its 200 day moving average price is $10.22. OnChip Technologies has a one year low of $10.13 and a one year high of $10.63.

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