Iqe Plc (OTCMKTS:IQEPF – Get Free Report) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totaling 171,729 shares, a decline of 88.9% from the June 15th total of 1,541,686 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 3,375,306 shares, the days-to-cover ratio is currently 0.1 days.
Wall Street Analyst Weigh In
Separately, Deutsche Bank Aktiengesellschaft started coverage on IQE in a report on Wednesday, May 27th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, IQE has a consensus rating of “Buy”.
IQE Stock Performance
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.
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