Iqe Plc (OTCMKTS:IQEPF) Stock Short Interest Declines 64.7%

Iqe Plc (OTCMKTS:IQEPF – Get Free Report) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 196,905 shares, a drop of 64.7% from the August 31st total of 558,028 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 731,419 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

IQEPF has been the subject of a number of research reports. Panmure Gordon upgraded IQE to a “buy” rating in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of IQE in a research report on Wednesday, July 22nd. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.

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IQE Price Performance

IQE stock traded up $0.02 during trading hours on Tuesday, hitting $0.62. 210,448 shares of the company traded hands, compared to its average volume of 1,550,770. The company has a quick ratio of 0.53, a current ratio of 0.76 and a debt-to-equity ratio of 0.02. The firm’s 50-day simple moving average is $0.61 and its two-hundred day simple moving average is $0.58. IQE has a 1-year low of $0.06 and a 1-year high of $0.95.

IQE Company Profile

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IQE plc is a global semiconductor materials company specializing in the design and manufacture of advanced semiconductor wafers and substrate materials. The company uses epitaxy, a process that deposits highly controlled crystalline layers onto semiconductor wafers, to produce materials with properties tailored for specific electronic and optoelectronic applications.

Its products support a range of markets, including wireless communications, consumer electronics, photonics, optical communications, sensing, high-performance computing, and automotive technologies.

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