Iqe Plc (OTCMKTS:IQEPF) Short Interest Update

Iqe Plc (OTCMKTS:IQEPF) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 196,905 shares, a drop of 64.7% from the August 31st total of 558,028 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 731,419 shares, the days-to-cover ratio is currently 0.3 days.

IQE Stock Down 8.2%

OTCMKTS IQEPF traded down $0.05 during trading hours on Monday, reaching $0.57. The company’s stock had a trading volume of 30,095 shares, compared to its average volume of 1,558,621. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.76 and a quick ratio of 0.53. The company’s 50-day moving average is $0.61 and its two-hundred day moving average is $0.58. IQE has a fifty-two week low of $0.06 and a fifty-two week high of $0.95.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on IQEPF. Panmure Gordon upgraded shares of IQE to a “buy” rating in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of IQE in a research report on Wednesday, July 22nd. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, IQE has a consensus rating of “Buy”.

IQE Company Profile

IQE plc is a global semiconductor materials company specializing in the design and manufacture of advanced semiconductor wafers and substrate materials. The company uses epitaxy, a process that deposits highly controlled crystalline layers onto semiconductor wafers, to produce materials with properties tailored for specific electronic and optoelectronic applications.

Its products support a range of markets, including wireless communications, consumer electronics, photonics, optical communications, sensing, high-performance computing, and automotive technologies.