Integrated Media Technology Limited (NASDAQ:IMTE – Get Free Report) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 55,494 shares, a growth of 323.9% from the July 30th total of 13,091 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average daily trading volume, of 1,236,271 shares, the days-to-cover ratio is presently 0.0 days.
Integrated Media Technology Trading Up 2.8%
Shares of NASDAQ:IMTE traded up $0.01 during midday trading on Thursday, hitting $0.48. The company had a trading volume of 25,418 shares, compared to its average volume of 662,276. The company has a fifty day moving average of $0.49 and a two-hundred day moving average of $0.55. Integrated Media Technology has a 12-month low of $0.40 and a 12-month high of $1.38.
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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