Integrated Media Technology Limited (NASDAQ:IMTE – Get Free Report) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 20,892 shares, a decline of 57.7% from the June 15th total of 49,361 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 31,037 shares, the short-interest ratio is presently 0.7 days.
Integrated Media Technology Stock Up 3.9%
Shares of IMTE stock traded up $0.02 on Tuesday, reaching $0.51. The stock had a trading volume of 17,252 shares, compared to its average volume of 628,638. The firm’s 50-day moving average is $0.52 and its two-hundred day moving average is $0.60. Integrated Media Technology has a 12 month low of $0.40 and a 12 month high of $1.54.
About Integrated Media Technology
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.
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