Smartoptics Group AS (OTCMKTS:SMOPF) Sees Large Decline in Short Interest

Smartoptics Group AS (OTCMKTS:SMOPF) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 1,282 shares, a drop of 64.4% from the May 14th total of 3,597 shares. Based on an average trading volume of 39,495 shares, the short-interest ratio is presently 0.0 days.

Smartoptics Group AS Price Performance

Shares of SMOPF opened at $5.55 on Friday. The firm has a 50 day moving average of $4.85 and a 200 day moving average of $2.90. Smartoptics Group AS has a twelve month low of $5.03 and a twelve month high of $7.15.

About Smartoptics Group AS

Smartoptics Group AS provides optical networking solutions and devices worldwide. Its products include flexible open line systems; multiplexers and OADMs; modular transponders and muxponders; optical transceivers; active and passive system products; and Sosmart software suites. The company also provides technical support, extended warranty, advance product replacement, complete and smart care, network design, staging and installation support, and training and education services. Its solutions are used in metro and regional network applications.