Oxford Instruments plc (OTCMKTS:OXINF) Sees Significant Decline in Short Interest

Oxford Instruments plc (OTCMKTS:OXINF) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 1,700 shares, a decrease of 19.0% from the December 31st total of 2,100 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Oxford Instruments Stock Performance

OTCMKTS OXINF opened at $24.49 on Monday. Oxford Instruments has a 52 week low of $26.32 and a 52 week high of $30.55. The firm has a 50 day moving average of $25.29 and a two-hundred day moving average of $28.27.

Analysts Set New Price Targets

Separately, Berenberg Bank upgraded Oxford Instruments to a “strong-buy” rating in a report on Monday, October 21st.

About Oxford Instruments

Oxford Instruments plc provide scientific technology products and services for academic and commercial organizations worldwide. It operates through three segments: Materials & Characterisation, Research & Discovery, and Service & Healthcare. The company offers atomic force, electron, and Raman microscopy; deposition tools comprising plasma enhanced chemical vapour deposition, chemical vapour deposition, inductively coupled plasma chemical vapour deposition, atomic layer deposition, and ion beam deposition systems; and etch tools, including inductively coupled plasma etching, reactive ion etching, deep silicon etching, atomic layer etching, and ion beam etching systems.