Infineon Technologies AG (OTCMKTS:IFNNY) Short Interest Update

Infineon Technologies AG (OTCMKTS:IFNNY) was the recipient of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 104,553 shares, a decrease of 53.1% from the January 29th total of 222,780 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 485,920 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 485,920 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Infineon Technologies Stock Down 2.6%

OTCMKTS:IFNNY opened at $54.02 on Friday. The company’s 50-day simple moving average is $49.10 and its 200-day simple moving average is $43.19. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.72. Infineon Technologies has a fifty-two week low of $25.80 and a fifty-two week high of $56.19. The stock has a market capitalization of $66.36 billion, a P/E ratio of 58.09, a P/E/G ratio of 1.03 and a beta of 1.80.

Infineon Technologies (OTCMKTS:IFNNY) last posted its earnings results on Wednesday, February 4th. The technology company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. Infineon Technologies had a net margin of 7.51% and a return on equity of 11.12%. The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $3.65 billion. On average, equities analysts anticipate that Infineon Technologies will post 1.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on IFNNY. Zacks Research cut shares of Infineon Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 11th. Wall Street Zen raised shares of Infineon Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Infineon Technologies presently has a consensus rating of “Buy”.

About Infineon Technologies

Infineon Technologies AG (OTCMKTS:IFNNY) is a global semiconductor manufacturer that develops, manufactures and markets a broad range of semiconductor and system solutions. The company’s product portfolio includes power semiconductors and modules, microcontrollers and system-on-chip (SoC) solutions, analog and mixed-signal components, sensors and security controllers. Infineon’s technologies are used to enable energy-efficient power conversion, electrification, connectivity and secure data processing across multiple end markets.

Infineon was formed as a spin-off from Siemens AG in 1999 and is headquartered near Munich in Neubiberg, Germany.