Smartoptics Group AS (OTCMKTS:SMOPF) Sees Large Decline in Short Interest

Smartoptics Group AS (OTCMKTS:SMOPF) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 3,597 shares, a decrease of 64.2% from the April 30th total of 10,053 shares. Based on an average daily volume of 97,964 shares, the days-to-cover ratio is currently 0.0 days.

Smartoptics Group AS Stock Up 1.3%

OTCMKTS:SMOPF traded up $0.09 during mid-day trading on Monday, hitting $6.89. The stock had a trading volume of 69,322 shares, compared to its average volume of 37,205. The stock has a 50-day simple moving average of $3.99 and a two-hundred day simple moving average of $2.60. Smartoptics Group AS has a twelve month low of $5.15 and a twelve month high of $7.04.

Smartoptics Group AS Company Profile

Smartoptics Group AS provides optical networking solutions and devices worldwide. Its products include flexible open line systems; multiplexers and OADMs; modular transponders and muxponders; optical transceivers; active and passive system products; and Sosmart software suites. The company also provides technical support, extended warranty, advance product replacement, complete and smart care, network design, staging and installation support, and training and education services. Its solutions are used in metro and regional network applications.