Iqe Plc (OTCMKTS:IQEPF – Get Free Report) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 1,408,180 shares, an increase of 660.9% from the May 14th total of 185,076 shares. Based on an average trading volume of 8,683,220 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.
Wall Street Analyst Weigh In
Separately, Deutsche Bank Aktiengesellschaft assumed coverage on IQE in a report on Wednesday, May 27th. They issued a “buy” rating for the company. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.
Get Our Latest Analysis on IQE
IQE Stock Performance
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.
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