IQE plc (OTCMKTS:IQEPF – Get Rating) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totalling 4,800 shares, a drop of 52.0% from the August 31st total of 10,000 shares. Based on an average trading volume of 38,800 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft raised their price target on shares of IQE from GBX 40 ($0.48) to GBX 45 ($0.54) in a research note on Monday, September 12th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $43.50.

IQE Price Performance

OTCMKTS IQEPF traded up $0.06 during mid-day trading on Wednesday, reaching $0.40. 12,500 shares of the stock were exchanged, compared to its average volume of 14,230. IQE has a one year low of $0.34 and a one year high of $0.70. The stock has a 50 day simple moving average of $0.43 and a 200-day simple moving average of $0.43. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 0.94.

IQE Company Profile

IQE plc develops, manufactures, and sells advanced semiconductor materials. The company operates in three segments: Wireless, Photonics, and CMOS++. It manufactures compound semiconductor wafers or epiwafers using epitaxy process; offers wireless products, including GaAs, GaN, and InP-based technologies, as well as Si and Ge-based epitaxial wafer structures; and supplies GaAs HBTs, pHEMTs, and BiFETs/BiHEMTs for use in consumer mobile handsets, connected devices, 5G network infrastructure, WiFi 6, Bluetooth, and satellite communications.

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