Iqe Plc (OTCMKTS:IQEPF) Sees Significant Decline in Short Interest

Iqe Plc (OTCMKTS:IQEPF) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 171,729 shares, a drop of 88.9% from the June 15th total of 1,541,686 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 3,375,306 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft began coverage on IQE in a research report on Wednesday, May 27th. They set a “buy” rating for the company. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, IQE presently has a consensus rating of “Buy”.

IQE Stock Performance

OTCMKTS:IQEPF traded down $0.02 during trading hours on Friday, hitting $0.52. The company’s stock had a trading volume of 180,166 shares, compared to its average volume of 2,063,553. The stock has a fifty day moving average of $0.63 and a 200-day moving average of $0.40. IQE has a 52-week low of $0.06 and a 52-week high of $0.95.

About IQE

IQE plc is a leading global supplier of advanced wafer products and wafer-based material solutions for the semiconductor industry. Headquartered in Cardiff, Wales, the company specializes in the development and manufacturing of epitaxial wafers—ultra-thin layers of compound semiconductor materials—used in a wide range of high-performance electronic and photonic devices.

The company’s product portfolio encompasses key compound semiconductor materials such as indium phosphide, gallium arsenide, gallium nitride and silicon-germanium.