OnChip Technologies, Inc. (NASDAQ:ONCH) Short Interest Down 60.7% in June

OnChip Technologies, Inc. (NASDAQ:ONCH) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 1,742 shares, a drop of 60.7% from the June 15th total of 4,437 shares. Based on an average trading volume of 14,965 shares, the short-interest ratio is presently 0.1 days.

OnChip Technologies Price Performance

Shares of NASDAQ:ONCH traded down $0.05 during midday trading on Tuesday, reaching $10.24. 11 shares of the company were exchanged, compared to its average volume of 44,866. The business’s fifty day moving average is $10.24 and its two-hundred day moving average is $10.21. OnChip Technologies has a one year low of $10.13 and a one year high of $10.63.

OnChip Technologies (NASDAQ:ONCH) last announced its quarterly earnings results on Friday, March 27th. The company reported $0.09 earnings per share (EPS) for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of OnChip Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

OnChip Technologies, Inc (NASDAQ:ONCH) is a fabless semiconductor company specializing in edge-based voice and audio processing solutions. The company develops digital signal processing (DSP) intellectual property cores and accompanying software frameworks designed to enable low-power, always-listening voice interfaces and advanced audio features. By integrating custom DSP hardware blocks with optimized software, OnChip enables functionalities such as keyword spotting, noise reduction, echo cancellation and far-field voice capture in compact system-on-chip (SoC) designs.

OnChip’s product portfolio consists of licensable DSP IP blocks, software development kits (SDKs) and turnkey reference designs that original equipment manufacturers (OEMs) and semiconductor partners can embed directly into consumer electronics, automotive infotainment systems, smart home devices and industrial automation platforms.