Infineon Technologies AG (OTCMKTS:IFNNF) Sees Significant Decrease in Short Interest

Infineon Technologies AG (OTCMKTS:IFNNF) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 2,185,300 shares, a decrease of 23.0% from the September 30th total of 2,838,000 shares. Based on an average daily trading volume, of 48,400 shares, the days-to-cover ratio is presently 45.2 days.

Hedge Funds Weigh In On Infineon Technologies

An institutional investor recently bought a new position in Infineon Technologies stock. Eagle Bay Advisors LLC purchased a new position in shares of Infineon Technologies AG (OTCMKTS:IFNNF) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,100 shares of the company’s stock, valued at approximately $39,000. Hedge funds and other institutional investors own 44.76% of the company’s stock.

Infineon Technologies Trading Up 0.2 %

OTCMKTS IFNNF opened at $33.20 on Wednesday. The business’s 50-day moving average price is $33.67 and its 200 day moving average price is $35.77. Infineon Technologies has a twelve month low of $28.94 and a twelve month high of $42.41.

Infineon Technologies Company Profile

Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and semiconductor-based solutions worldwide. Its Automotive segment offers automotive microcontrollers; 3D ToF, magnetic, and pressure sensors; discrete power semiconductors; IGBT modules; industrial microcontrollers; power and memory ICs; transceivers; diodes, MOSEFTs, and modules; and voltage regulators for use in assistance and safety systems, comfort electronics, infotainment, powertrain, and security products.