Jenoptik AG (OTCMKTS:JNPKF) Short Interest Down 91.8% in August

Jenoptik AG (OTCMKTS:JNPKF) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 2,080 shares, a decrease of 91.8% from the July 30th total of 25,428 shares. Based on an average daily volume of 5,810 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analyst Weigh In

JNPKF has been the topic of several analyst reports. Oddo Bhf lowered shares of Jenoptik to a “neutral” rating in a research report on Monday, May 4th. Jefferies Financial Group restated a “buy” rating on shares of Jenoptik in a research note on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Jenoptik in a research note on Thursday, August 13th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Jenoptik Stock Performance

Shares of OTCMKTS JNPKF remained flat at $46.00 during midday trading on Thursday. 3,000 shares of the company’s stock were exchanged, compared to its average volume of 5,606. The company’s 50 day moving average price is $46.66 and its 200-day moving average price is $40.83. Jenoptik has a 12-month low of $19.33 and a 12-month high of $56.25.

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.