Integrated Media Technology Limited (NASDAQ:IMTE) Short Interest Update

Integrated Media Technology Limited (NASDAQ:IMTE) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 13,091 shares, a decline of 72.3% from the July 15th total of 47,229 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 19,936 shares, the days-to-cover ratio is presently 0.7 days.

Integrated Media Technology Price Performance

Shares of IMTE opened at $0.52 on Thursday. The stock’s 50-day simple moving average is $0.50 and its 200 day simple moving average is $0.58. Integrated Media Technology has a 52-week low of $0.40 and a 52-week high of $1.38.

About Integrated Media Technology

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.