OnChip Technologies, Inc. (NASDAQ:ONCH) Short Interest Down 57.9% in June

OnChip Technologies, Inc. (NASDAQ:ONCH) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 4,437 shares, a decrease of 57.9% from the May 31st total of 10,541 shares. Based on an average daily trading volume, of 1,876 shares, the short-interest ratio is currently 2.4 days.

OnChip Technologies Trading Up 0.1%

NASDAQ:ONCH traded up $0.01 during trading hours on Monday, reaching $10.26. The company’s stock had a trading volume of 5,360 shares, compared to its average volume of 45,802. OnChip Technologies has a one year low of $10.13 and a one year high of $10.63. The business’s 50-day moving average is $10.22 and its 200-day moving average is $10.20.

OnChip Technologies (NASDAQ:ONCH) last posted its earnings results on Friday, March 27th. The company reported $0.09 earnings per share for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of OnChip Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 11th. One analyst has rated the stock with a Sell rating, According to MarketBeat, OnChip Technologies currently has a consensus rating of “Sell”.

OnChip Technologies, Inc (NASDAQ:ONCH) is a fabless semiconductor company specializing in edge-based voice and audio processing solutions. The company develops digital signal processing (DSP) intellectual property cores and accompanying software frameworks designed to enable low-power, always-listening voice interfaces and advanced audio features. By integrating custom DSP hardware blocks with optimized software, OnChip enables functionalities such as keyword spotting, noise reduction, echo cancellation and far-field voice capture in compact system-on-chip (SoC) designs.

OnChip’s product portfolio consists of licensable DSP IP blocks, software development kits (SDKs) and turnkey reference designs that original equipment manufacturers (OEMs) and semiconductor partners can embed directly into consumer electronics, automotive infotainment systems, smart home devices and industrial automation platforms.