Short Interest in OnChip Technologies, Inc. (NASDAQ:ONCH) Declines By 60.7%

OnChip Technologies, Inc. (NASDAQ:ONCH) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totaling 1,742 shares, a decline of 60.7% from the June 15th total of 4,437 shares. Based on an average daily volume of 14,965 shares, the short-interest ratio is presently 0.1 days.

OnChip Technologies Stock Performance

Shares of NASDAQ ONCH opened at $10.29 on Monday. OnChip Technologies has a twelve month low of $10.13 and a twelve month high of $10.63. The company has a 50 day moving average of $10.24 and a 200 day moving average of $10.21.

OnChip Technologies (NASDAQ:ONCH) last released its quarterly earnings data on Friday, March 27th. The company reported $0.09 EPS for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded OnChip Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

OnChip Technologies, Inc (NASDAQ:ONCH) is a fabless semiconductor company specializing in edge-based voice and audio processing solutions. The company develops digital signal processing (DSP) intellectual property cores and accompanying software frameworks designed to enable low-power, always-listening voice interfaces and advanced audio features. By integrating custom DSP hardware blocks with optimized software, OnChip enables functionalities such as keyword spotting, noise reduction, echo cancellation and far-field voice capture in compact system-on-chip (SoC) designs.

OnChip’s product portfolio consists of licensable DSP IP blocks, software development kits (SDKs) and turnkey reference designs that original equipment manufacturers (OEMs) and semiconductor partners can embed directly into consumer electronics, automotive infotainment systems, smart home devices and industrial automation platforms.