Short Interest in Iqe Plc (OTCMKTS:IQEPF) Decreases By 51.4%

Iqe Plc (OTCMKTS:IQEPF) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 252,627 shares, a drop of 51.4% from the July 15th total of 520,238 shares. Based on an average daily volume of 1,529,535 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

IQEPF has been the subject of a number of recent research reports. Panmure Gordon upgraded shares of IQE to a “buy” rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of IQE in a report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

IQE Stock Performance

Shares of IQEPF stock traded down $0.03 during trading hours on Friday, reaching $0.64. 210,559 shares of the company’s stock were exchanged, compared to its average volume of 719,557. The stock’s 50 day moving average is $0.60 and its 200-day moving average is $0.48. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.53 and a current ratio of 0.76. IQE has a fifty-two week low of $0.06 and a fifty-two week high of $0.95.

IQE Company Profile

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.