Short Interest in Iqe Plc (OTCMKTS:IQEPF) Grows By 202.9%

Iqe Plc (OTCMKTS:IQEPF) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 520,238 shares, a growth of 202.9% from the June 30th total of 171,729 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 2,493,933 shares, the days-to-cover ratio is currently 0.2 days.

IQE Trading Down 14.3%

Shares of OTCMKTS IQEPF traded down $0.09 during trading hours on Tuesday, hitting $0.55. 702,056 shares of the company traded hands, compared to its average volume of 1,940,620. 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 12 month low of $0.06 and a 12 month high of $0.95. The company’s 50 day moving average price is $0.61 and its 200 day moving average price is $0.44.

Analysts Set New Price Targets

Several research firms recently commented on IQEPF. Panmure Gordon upgraded IQE to a “buy” rating in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of IQE in a research note on Wednesday, July 22nd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, IQE currently has an average rating of “Buy”.

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.