Integrated Media Technology Limited (NASDAQ:IMTE) Short Interest Update

Integrated Media Technology Limited (NASDAQ:IMTE) was the recipient of a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 105,571 shares, a drop of 38.4% from the March 15th total of 171,448 shares. Based on an average daily trading volume, of 34,667 shares, the days-to-cover ratio is presently 3.0 days. Currently, 3.1% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Integrated Media Technology in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Integrated Media Technology currently has an average rating of “Sell”.

Integrated Media Technology Trading Up 3.3%

IMTE stock traded up $0.02 during midday trading on Wednesday, hitting $0.71. The company’s stock had a trading volume of 111,491 shares, compared to its average volume of 35,978. Integrated Media Technology has a 12 month low of $0.50 and a 12 month high of $1.54. The company has a 50 day moving average of $0.63 and a two-hundred day moving average of $0.75.

Integrated Media Technology (NASDAQ:IMTE) last released its quarterly earnings data on Tuesday, February 10th. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $0.03 million for the quarter.

Integrated Media Technology Company Profile

Integrated Media Technology (NASDAQ: IMTE) is a semiconductor company specializing in digital audio processing solutions for consumer electronics, telecommunications equipment and professional audio applications. The company’s core business revolves around the design, development and sale of digital signal processing (DSP) chips, audio modules and accompanying firmware and software algorithms. Its product portfolio includes high-performance audio codecs, multi-channel DSP cores, noise reduction and echo cancellation engines, all tailored to enhance audio quality in smart speakers, soundbars, televisions, set-top boxes and conferencing devices.

In addition to standalone chips, Integrated Media Technology offers turnkey hardware modules that integrate its DSP IP with analog-to-digital converters (ADCs), digital-to-analog converters (DACs) and power management subsystems.