Integrated Media Technology Limited (NASDAQ:IMTE) Sees Significant Increase in Short Interest

Integrated Media Technology Limited (NASDAQ:IMTE) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 47,229 shares, an increase of 126.1% from the June 30th total of 20,892 shares. Based on an average daily volume of 187,814 shares, the short-interest ratio is currently 0.3 days. Currently, 1.4% of the shares of the company are short sold.

Integrated Media Technology Price Performance

IMTE traded up $0.01 during mid-day trading on Tuesday, reaching $0.46. 7,553 shares of the company traded hands, compared to its average volume of 585,822. The company’s fifty day moving average price is $0.51 and its 200-day moving average price is $0.59. Integrated Media Technology has a 52-week low of $0.40 and a 52-week high of $1.38.

Integrated Media Technology Company Profile

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.