Jenoptik AG (OTCMKTS:JNPKF) Sees Significant Drop in Short Interest

Jenoptik AG (OTCMKTS:JNPKF) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 3,234 shares, a decline of 92.6% from the June 15th total of 43,975 shares. Based on an average daily trading volume, of 1,596 shares, the days-to-cover ratio is currently 2.0 days.

Jenoptik Price Performance

Shares of Jenoptik stock remained flat at $44.09 on Friday. Jenoptik has a 12 month low of $19.33 and a 12 month high of $56.25. The company’s fifty day moving average is $49.48 and its two-hundred day moving average is $35.92.

Analyst Ratings Changes

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

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.