Short Interest in Infineon Technologies AG (OTCMKTS:IFNNF) Increases By 24.9%

Infineon Technologies AG (OTCMKTS:IFNNF) was the target of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 5,054,600 shares, a growth of 24.9% from the January 31st total of 4,047,200 shares. Based on an average daily volume of 5,100 shares, the days-to-cover ratio is currently 991.1 days.

Infineon Technologies Stock Performance

Shares of IFNNF traded up $0.30 during trading hours on Wednesday, hitting $36.90. The stock had a trading volume of 220 shares, compared to its average volume of 7,356. The firm has a 50-day moving average price of $35.74 and a 200 day moving average price of $34.08. Infineon Technologies has a fifty-two week low of $29.80 and a fifty-two week high of $41.79.

Infineon Technologies Company Profile

Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and semiconductor-based solutions worldwide. Its Automotive segment offers automotive microcontrollers; 3D ToF, magnetic, and pressure sensors; discrete power semiconductors; IGBT modules; industrial microcontrollers; power and memory ICs; transceivers; diodes, MOSEFTs, and modules; and voltage regulators for use in assistance and safety systems, comfort electronics, infotainment, powertrain, and security products.