Iqe Plc (OTCMKTS:IQEPF) Short Interest Update

Iqe Plc (OTCMKTS:IQEPF) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 196,905 shares, a decrease of 64.7% from the August 31st total of 558,028 shares. Based on an average trading volume of 731,419 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

IQE Trading Up 6.9%

Shares of IQEPF stock traded up $0.04 during trading hours on Friday, hitting $0.62. 212,080 shares of the company were exchanged, compared to its average volume of 291,472. IQE has a fifty-two week low of $0.06 and a fifty-two week high of $0.95. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.53 and a current ratio of 0.76. The company has a 50 day simple moving average of $0.61 and a two-hundred day simple moving average of $0.57.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Panmure Gordon upgraded shares of IQE to a “buy” rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of IQE in a report on Wednesday, July 22nd. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy”.

IQE Company Profile

IQE plc is a global semiconductor materials company specializing in the design and manufacture of advanced semiconductor wafers and substrate materials. The company uses epitaxy, a process that deposits highly controlled crystalline layers onto semiconductor wafers, to produce materials with properties tailored for specific electronic and optoelectronic applications.

Its products support a range of markets, including wireless communications, consumer electronics, photonics, optical communications, sensing, high-performance computing, and automotive technologies.