AAC Technologies Holdings Inc. (OTCMKTS:AACAY) Short Interest Up 4,506.5% in August

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 16,261 shares, a growth of 4,506.5% from the July 30th total of 353 shares. Based on an average daily trading volume, of 86,088 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded shares of AAC Technologies from a “strong-buy” rating to a “hold” rating in a research report on Sunday. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

AAC Technologies Stock Up 1.8%

AACAY stock traded up $0.09 during midday trading on Tuesday, hitting $5.06. 2,233 shares of the stock traded hands, compared to its average volume of 10,920. AAC Technologies has a 1-year low of $3.82 and a 1-year high of $6.45. The company has a quick ratio of 1.19, a current ratio of 1.49 and a debt-to-equity ratio of 0.31. The stock’s fifty day simple moving average is $5.25 and its 200-day simple moving average is $4.97.

About AAC Technologies

AAC Technologies is a leading designer and manufacturer of miniaturized acoustic components and haptic solutions for the global consumer electronics industry. The company’s product portfolio includes micro speakers, receivers, microphones based on micro-electromechanical systems (MEMS), vibration motors and linear resonant actuators, as well as precision camera modules and related optical components. These technologies are widely used in smartphones, tablets, laptops, wearable devices, automotive infotainment systems and Internet-of-Things applications.

Founded in 1993 and headquartered in Shenzhen, China, AAC Technologies has grown into a key supplier for many of the world’s top original equipment manufacturers.