OnChip Technologies, Inc. (NASDAQ:ONCH) Sees Significant Decrease in Short Interest

OnChip Technologies, Inc. (NASDAQ:ONCH) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 127 shares, a drop of 59.3% from the April 30th total of 312 shares. Based on an average daily volume of 6,088 shares, the short-interest ratio is currently 0.0 days.

OnChip Technologies Trading Down 0.2%

Shares of ONCH stock traded down $0.02 on Tuesday, reaching $10.22. The company’s stock had a trading volume of 1,705 shares, compared to its average volume of 52,099. The stock’s fifty day simple moving average is $10.19 and its 200-day simple moving average is $10.21. OnChip Technologies has a 1 year low of $10.13 and a 1 year high of $10.63.

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

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of OnChip Technologies in a research note on Friday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, OnChip Technologies currently has an average 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.