Sunny Optical Technology (Group) Company Limited (OTCMKTS:SNPTF) Short Interest Down 86.6% in March

Sunny Optical Technology (Group) Company Limited (OTCMKTS:SNPTF) saw a large decline in short interest in March. As of March 13th, there was short interest totaling 1,680,329 shares, a decline of 86.6% from the February 26th total of 12,529,329 shares. Based on an average daily trading volume, of 5,810 shares, the short-interest ratio is currently 289.2 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,810 shares, the short-interest ratio is currently 289.2 days.

Sunny Optical Technology (Group) Stock Performance

Shares of OTCMKTS SNPTF traded down $0.19 during midday trading on Tuesday, hitting $6.61. The stock had a trading volume of 300 shares, compared to its average volume of 7,150. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.40 and a current ratio of 1.63. The stock has a 50 day simple moving average of $7.57 and a 200-day simple moving average of $8.89. Sunny Optical Technology has a 1 year low of $6.61 and a 1 year high of $11.63.

About Sunny Optical Technology (Group)

Sunny Optical Technology (Group) Co, Ltd. is a China-based designer and manufacturer of precision optical components and optoelectronic products. The company’s core business encompasses the development, production and sale of lenses, lens modules, prisms and other precision optical devices that serve a variety of end markets. Sunny Optical’s solutions are integrated into smartphones, digital cameras, surveillance systems, automotive vision equipment and emerging augmented reality/virtual reality (AR/VR) applications.

Product offerings include multi-element smartphone camera lenses and modules with autofocus, zoom and wide-angle capabilities, as well as specialized optics for automotive advanced driver-assistance systems (ADAS), machine vision, medical endoscopy and other industrial imaging uses.