Iqe Plc (OTCMKTS:IQEPF) Sees Significant Decline in Short Interest

Iqe Plc (OTCMKTS:IQEPF) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 252,627 shares, a decline of 51.4% from the July 15th total of 520,238 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,529,535 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

IQEPF has been the subject of a number of analyst reports. Panmure Gordon upgraded IQE to a “buy” rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of IQE in a research note on Wednesday, July 22nd. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

IQE Trading Up 6.4%

Shares of OTCMKTS:IQEPF traded up $0.04 during trading on Monday, hitting $0.69. The stock had a trading volume of 605,481 shares, compared to its average volume of 1,808,527. The stock has a 50-day simple moving average of $0.60 and a two-hundred day simple moving average of $0.49. IQE has a 12-month low of $0.06 and a 12-month high of $0.95. The company has a current ratio of 0.76, a quick ratio of 0.53 and a debt-to-equity ratio of 0.02.

IQE Company Profile

IQE plc is a leading global supplier of advanced wafer products and wafer-based material solutions for the semiconductor industry. Headquartered in Cardiff, Wales, the company specializes in the development and manufacturing of epitaxial wafers—ultra-thin layers of compound semiconductor materials—used in a wide range of high-performance electronic and photonic devices.

The company’s product portfolio encompasses key compound semiconductor materials such as indium phosphide, gallium arsenide, gallium nitride and silicon-germanium.