Integrated Media Technology Limited (NASDAQ:IMTE) Short Interest Update

Integrated Media Technology Limited (NASDAQ:IMTE) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 38,287 shares, a drop of 45.5% from the April 15th total of 70,251 shares. Based on an average daily volume of 35,146 shares, the short-interest ratio is currently 1.1 days. Currently, 1.1% of the company’s stock are sold short.

Integrated Media Technology Stock Down 4.7%

Shares of IMTE traded down $0.03 during trading hours on Friday, reaching $0.53. 39,633 shares of the stock traded hands, compared to its average volume of 37,062. The stock has a fifty day simple moving average of $0.60 and a 200 day simple moving average of $0.68. Integrated Media Technology has a 52 week low of $0.50 and a 52 week high of $1.54.

Integrated Media Technology (NASDAQ:IMTE) last released its quarterly earnings results on Tuesday, February 10th. The company reported ($0.08) earnings per share for the quarter. The company had revenue of $0.03 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Integrated Media Technology in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus 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.