Integrated Media Technology Limited (NASDAQ:IMTE) Short Interest Down 72.3% in July

Integrated Media Technology Limited (NASDAQ:IMTE) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 13,091 shares, a decline of 72.3% from the July 15th total of 47,229 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 19,936 shares, the days-to-cover ratio is currently 0.7 days.

Integrated Media Technology Trading Down 2.0%

NASDAQ IMTE traded down $0.01 on Friday, hitting $0.52. 81,876 shares of the stock traded hands, compared to its average volume of 663,102. The stock has a 50-day moving average of $0.50 and a 200 day moving average of $0.57. Integrated Media Technology has a twelve month low of $0.40 and a twelve month high of $1.38.

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.