Short Interest in Jenoptik AG (OTCMKTS:JNPKF) Rises By 413.6%

Jenoptik AG (OTCMKTS:JNPKF) was the recipient of a significant growth in short interest in January. As of January 30th, there was short interest totaling 4,355 shares, a growth of 413.6% from the January 15th total of 848 shares. Based on an average daily trading volume, of 78 shares, the short-interest ratio is presently 55.8 days. Based on an average daily trading volume, of 78 shares, the short-interest ratio is presently 55.8 days.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Jenoptik from a “hold” rating to a “buy” rating in a research report on Friday, January 30th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Jenoptik currently has a consensus rating of “Buy”.

Jenoptik Stock Performance

Jenoptik stock remained flat at $25.59 during trading on Thursday. The stock has a 50 day simple moving average of $23.74 and a 200 day simple moving average of $22.26. Jenoptik has a 1-year low of $17.31 and a 1-year high of $25.59.

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.