Akoustis Technologies, Inc. (NASDAQ:AKTS) Short Interest Update

Akoustis Technologies, Inc. (NASDAQ:AKTS) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 1,410,000 shares, a decline of 49.6% from the September 15th total of 2,800,000 shares. Based on an average trading volume of 9,370,000 shares, the short-interest ratio is presently 0.2 days.

Akoustis Technologies Price Performance

NASDAQ:AKTS opened at $0.07 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.29 and a debt-to-equity ratio of 1.00. The stock has a 50 day moving average of $0.08 and a 200-day moving average of $0.23. The firm has a market capitalization of $7.39 million, a PE ratio of -0.07 and a beta of 1.65. Akoustis Technologies has a 52 week low of $0.05 and a 52 week high of $1.19.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AKTS. BNP Paribas Financial Markets boosted its holdings in shares of Akoustis Technologies by 47.9% during the first quarter. BNP Paribas Financial Markets now owns 82,295 shares of the technology company’s stock valued at $49,000 after acquiring an additional 26,654 shares during the period. Adalta Capital Management LLC acquired a new position in Akoustis Technologies during the 1st quarter valued at about $95,000. Vanguard Group Inc. grew its position in Akoustis Technologies by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 3,824,953 shares of the technology company’s stock worth $2,261,000 after purchasing an additional 198,149 shares during the last quarter. AMH Equity Ltd acquired a new stake in shares of Akoustis Technologies in the first quarter valued at approximately $148,000. Finally, Silverback Asset Management LLC raised its holdings in shares of Akoustis Technologies by 23.9% during the first quarter. Silverback Asset Management LLC now owns 4,238,389 shares of the technology company’s stock valued at $2,505,000 after buying an additional 817,938 shares during the last quarter. 28.84% of the stock is currently owned by institutional investors.

About Akoustis Technologies

Akoustis Technologies, Inc, through its subsidiary, Akoustis, Inc, designs, develops, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industry in the United States, Asia, Europe, and internationally. It operates through Foundry Fabrication Services and RF Filters segments.