Jenoptik AG (OTCMKTS:JNPKF) Short Interest Down 91.8% in August

Jenoptik AG (OTCMKTS:JNPKF) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 2,080 shares, a decline of 91.8% from the July 30th total of 25,428 shares. Based on an average daily volume of 5,810 shares, the short-interest ratio is currently 0.4 days.

Jenoptik Stock Performance

Shares of JNPKF remained flat at $44.25 during trading hours on Wednesday. The stock has a 50-day moving average of $46.75 and a 200-day moving average of $40.69. Jenoptik has a 1 year low of $19.33 and a 1 year high of $56.25.

Analyst Ratings Changes

Several research analysts recently commented on JNPKF shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Jenoptik in a research report on Wednesday, July 8th. Oddo Bhf cut shares of Jenoptik to a “neutral” rating in a research note on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Jenoptik in a report on Thursday, August 13th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently 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.