Short Interest in Jenoptik AG (OTCMKTS:JNPKF) Declines By 92.6%

Jenoptik AG (OTCMKTS:JNPKF – Get Free Report) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 3,234 shares, a decrease of 92.6% from the June 15th total of 43,975 shares. Based on an average trading volume of 1,596 shares, the short-interest ratio is currently 2.0 days.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on JNPKF. Jefferies Financial Group reissued a “buy” rating on shares of Jenoptik in a research note on Wednesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Jenoptik in a research note on Wednesday, May 13th. Finally, Oddo Bhf lowered Jenoptik to a “neutral” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

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Jenoptik Stock Performance

Shares of Jenoptik stock remained flat at $44.09 during midday trading on Friday. 4,300 shares of the company traded hands, compared to its average volume of 3,443. The business has a 50 day simple moving average of $49.36 and a two-hundred day simple moving average of $35.86. 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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