Integrated Media Technology Limited (NASDAQ:IMTE) Sees Large Decline in Short Interest

Integrated Media Technology Limited (NASDAQ:IMTE) saw a significant decline in short interest in December. As of December 15th, there was short interest totaling 31,302 shares, a decline of 52.3% from the November 30th total of 65,602 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average daily volume of 145,937 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 145,937 shares, the short-interest ratio is presently 0.2 days. Currently, 0.9% of the shares of the company are short sold.

Integrated Media Technology Price Performance

Shares of IMTE stock traded down $0.02 during mid-day trading on Friday, hitting $0.61. The company had a trading volume of 16,598 shares, compared to its average volume of 95,455. The stock’s 50 day moving average price is $0.81 and its 200-day moving average price is $0.97. Integrated Media Technology has a 52-week low of $0.51 and a 52-week high of $3.17.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Integrated Media Technology in a research report on Saturday, September 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

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.