Iqe Plc (OTCMKTS:IQEPF) Short Interest Up 660.9% in May
by Mitch Edgeman · The Markets DailyIqe Plc (OTCMKTS:IQEPF – Get Free Report) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,408,180 shares, a growth of 660.9% from the May 14th total of 185,076 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 8,683,220 shares, the short-interest ratio is currently 0.2 days.
IQE Trading Up 21.6%
IQEPF traded up $0.11 during midday trading on Thursday, reaching $0.61. 1,428,172 shares of the company’s stock traded hands, compared to its average volume of 2,088,951. The firm has a fifty day moving average of $0.61 and a two-hundred day moving average of $0.31. IQE has a 52 week low of $0.06 and a 52 week high of $0.95.
Analyst Ratings Changes
Separately, Deutsche Bank Aktiengesellschaft initiated coverage on IQE in a research report on Wednesday, May 27th. They set a “buy” rating for the company. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, IQE currently has an average rating of “Buy”.
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About IQE
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.