Short Interest in Jenoptik AG (OTCMKTS:JNPKF) Expands By 102.9%

Jenoptik AG (OTCMKTS:JNPKF – Get Free Report) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 43,975 shares, an increase of 102.9% from the May 31st total of 21,674 shares. Based on an average daily trading volume, of 3,294 shares, the days-to-cover ratio is currently 13.4 days.

Wall Street Analyst Weigh In

JNPKF has been the topic of several recent analyst reports. Oddo Bhf downgraded shares of Jenoptik to a “neutral” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Jenoptik in a report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

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Jenoptik Trading Down 8.7%

JNPKF traded down $4.64 during trading on Thursday, hitting $48.96. The company’s stock had a trading volume of 165 shares, compared to its average volume of 3,077. The firm’s 50 day moving average price is $48.49 and its two-hundred day moving average price is $34.83. Jenoptik has a 12 month low of $19.33 and a 12 month high of $56.25.

Jenoptik Company Profile

(Get Free Report)

Jenoptik AG is a global photonics and optical technology group headquartered in Jena, Germany. Established in 1991 out of the optical components division of Carl Zeiss Jena following German reunification, the company has grown into a diversified provider of precision instruments and systems for a wide range of industries.

The company’s main business activities are organized into three divisions: Smart Mobility Solutions, Advanced Photonic Solutions and Light & Optics. In Smart Mobility Solutions, Jenoptik develops and supplies traffic enforcement cameras, automatic number plate recognition systems and tolling solutions for public authorities and transport agencies.

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