Integrated Media Technology Limited (NASDAQ:IMTE) Short Interest Down 57.7% in June

Integrated Media Technology Limited (NASDAQ:IMTE) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 20,892 shares, a drop of 57.7% from the June 15th total of 49,361 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 31,037 shares, the short-interest ratio is presently 0.7 days.

Integrated Media Technology Stock Performance

Shares of IMTE stock traded down $0.01 on Wednesday, reaching $0.50. 1,268 shares of the company’s stock traded hands, compared to its average volume of 623,922. Integrated Media Technology has a 12-month low of $0.40 and a 12-month high of $1.54. The business’s 50 day moving average price is $0.52 and its two-hundred day moving average price is $0.60.

Integrated Media Technology Company Profile

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.