OnChip Technologies, Inc. (NASDAQ:ONCH) Short Interest Update

OnChip Technologies, Inc. (NASDAQ:ONCH) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 127 shares, a drop of 59.3% from the April 30th total of 312 shares. Based on an average daily trading volume, of 6,088 shares, the days-to-cover ratio is presently 0.0 days.

OnChip Technologies Price Performance

NASDAQ:ONCH traded up $0.01 during trading hours on Friday, hitting $10.24. 28,369 shares of the stock were exchanged, compared to its average volume of 52,642. The firm’s fifty day moving average price is $10.18 and its 200 day moving average price is $10.21. OnChip Technologies has a 52-week low of $10.13 and a 52-week 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.