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

IQE plc (OTCMKTS:IQEPF) experienced a substantial rise in short interest during the month of March. As of March 15th, the short interest totaled 2,025,700 shares, reflecting a remarkable increase of 49.4% compared to the short interest of 1,356,100 shares recorded on February 28th. Currently, approximately 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 an infinity, indicating that it would take an indefinite amount of time to cover the short positions.

IQE Stock Performance

During mid-day trading on Friday, shares of IQEPF remained stable at $0.15. The stock has experienced a 52-week low of $0.13 and a high of $0.46 over that same period. The company's 50-day simple moving average is $0.16, while its 200-day simple moving average is $0.17. Furthermore, IQE has a debt-to-equity ratio of 0.16 and liquidity ratios of 1.37 for the current ratio and 0.96 for the quick ratio.

About IQE plc

IQE plc is a company that, along with its subsidiaries, focuses on developing, manufacturing, and selling advanced semiconductor materials. The business operates through three key segments: Wireless, Photonics, and CMOS++. IQE manufactures compound semiconductor materials tailored for various markets, including wireless communications and photonics, which involves applications that transmit and sense visible and infrared light.

Investment Consideration

Before considering an investment in IQE, it is advisable to be aware of recommendations from top Wall Street analysts. In recent evaluations, MarketBeat identified five stocks that top analysts believe are more promising investments than IQE at this time. While currently rated as a Hold, IQE has not made it onto the list of stocks recommended by leading analysts.

Conclusion

As the short interest in IQE plc rises, potential investors may want to examine recent trends and analysts' opinions before making investment decisions. Understanding the dynamics of a company's stock and market sentiment can be crucial for informed investing.

IQE, stocks, short-interest