Short Interest in Jenoptik AG (OTCMKTS:JNPKF) Grows By 145.9%

Jenoptik AG (OTCMKTS:JNPKF) was the target of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 10,707 shares, an increase of 145.9% from the January 29th total of 4,355 shares. Based on an average trading volume of 8 shares, the short-interest ratio is currently 1,338.4 days. Based on an average trading volume of 8 shares, the short-interest ratio is currently 1,338.4 days.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised shares of Jenoptik from a “hold” rating to a “buy” rating in a research report on Friday, January 30th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Jenoptik presently has an average rating of “Buy”.

Jenoptik Stock Performance

Shares of OTCMKTS JNPKF opened at $25.59 on Friday. The business’s 50 day moving average is $24.56 and its 200-day moving average is $22.53. Jenoptik has a 1-year low of $17.31 and a 1-year high of $25.59.

About Jenoptik

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.