Jenoptik AG (OTCMKTS:JNPKF) Sees Large Increase in Short Interest

Jenoptik AG (OTCMKTS:JNPKF) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 43,975 shares, a growth of 102.9% from the May 31st total of 21,674 shares. Based on an average daily trading volume, of 3,294 shares, the days-to-cover ratio is presently 13.4 days.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Oddo Bhf cut Jenoptik to a “neutral” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Jenoptik in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Jenoptik Price Performance

OTCMKTS:JNPKF traded up $0.02 during midday trading on Tuesday, hitting $53.60. 6,624 shares of the company were exchanged, compared to its average volume of 3,035. Jenoptik has a fifty-two week low of $19.33 and a fifty-two week high of $56.25. The company has a fifty day simple moving average of $47.92 and a 200 day simple moving average of $34.38.

Jenoptik Company Profile

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.