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

Jenoptik AG (OTCMKTS:JNPKF) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 25,428 shares, an increase of 462.3% from the July 15th total of 4,522 shares. Based on an average daily volume of 19,902 shares, the short-interest ratio is presently 1.3 days.

Wall Street Analyst Weigh In

JNPKF has been the topic of a number of recent analyst reports. Jefferies Financial Group restated a “buy” rating on shares of Jenoptik in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Jenoptik in a research note on Monday, July 20th. Finally, Oddo Bhf downgraded shares of Jenoptik to a “neutral” rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Jenoptik Stock Down 0.4%

Shares of JNPKF stock opened at $45.00 on Wednesday. Jenoptik has a 1 year low of $19.33 and a 1 year high of $56.25. The firm’s fifty day simple moving average is $47.72 and its 200 day simple moving average is $39.24.

Jenoptik Company Profile

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.