IQE plc (OTCMKTS:IQEPF) Sees Significant Increase in Short Interest

IQE plc (OTCMKTS:IQEPF) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 2,025,700 shares, an increase of 49.4% from the February 28th total of 1,356,100 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

IQE Price Performance

IQEPF remained flat at $0.15 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The firm’s 50 day simple moving average is $0.16 and its two-hundred day simple moving average is $0.17. IQE has a 1 year low of $0.13 and a 1 year high of $0.46.

About IQE

IQE plc, together with its subsidiaries, develops, manufactures, and sells advanced semiconductor materials. It operates through three segments: Wireless, Photonics, and CMOS++. The company manufactures and sells compound semiconductor materials for the wireless market which includes radio frequency devices for wireless communications, and photonics market, that includes applications that transmit and sense visible and infrared lights, as well as advanced semiconductor materials related to silicon.