Integrated Media Technology Limited (NASDAQ:IMTE – Get Free Report) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 19,622 shares, a decrease of 64.6% from the August 15th total of 55,494 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily volume of 16,048 shares, the days-to-cover ratio is presently 1.2 days.
Integrated Media Technology Stock Performance
Shares of IMTE stock traded down $0.01 during trading on Monday, hitting $0.45. 8,912 shares of the company were exchanged, compared to its average volume of 551,925. The business’s 50-day simple moving average is $0.48 and its 200 day simple moving average is $0.54. Integrated Media Technology has a twelve month low of $0.40 and a twelve month high of $1.38.
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.
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