IQE plc Sees Significant Rise in Short Interest in March

IQE plc (OTCMKTS:IQEPF - Get Free Report) experienced a notable surge in short interest during March. As of March 15th, the total short interest reached 2,025,700 shares. This figure reflects an increase of 49.4% from the short interest total of 1,356,100 shares recorded on February 28th. Currently, about 0.2% of the company's shares are being sold short. Given the average daily trading volume of 0 shares, the days-to-cover ratio stands at ∞ days.

IQE Price Performance

During mid-day trading on Friday, shares of IQEPF remained stable at $0.15. The stock has witnessed a 52-week low of $0.13 and a high of $0.46. The company also holds a 50-day simple moving average of $0.16 and a 200-day simple moving average of $0.17. In terms of financial ratios, IQE has a debt-to-equity ratio of 0.16, a current ratio of 1.37, and a quick ratio of 0.96.

About IQE

IQE plc, along with its subsidiaries, specializes in the development, manufacturing, and sales of advanced semiconductor materials. The company operates through three key segments: Wireless, Photonics, and CMOS++. IQE manufactures and supplies compound semiconductor materials serving the wireless market, primarily focusing on radio frequency devices for wireless communications. Additionally, it addresses the photonics market, which includes applications involving the transmission and sensing of visible and infrared light, as well as advanced semiconductor materials associated with silicon.

Investment Consideration

Before considering an investment in IQE, potential investors should be aware that MarketBeat tracks top-rated analysts and their stock recommendations. Although IQE holds a Hold rating among analysts, it has been noted that five other stocks are currently viewed as better investment opportunities.

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IQE, stocks, shortinterest