AAC Technologies Holdings Inc. (OTCMKTS:AACAY) Sees Large Decline in Short Interest

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) saw a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 300 shares, a decrease of 82.4% from the May 15th total of 1,700 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 3,900 shares, the days-to-cover ratio is presently 0.1 days.

AAC Technologies Stock Down 3.7%

AAC Technologies stock opened at $4.75 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.25 and a current ratio of 1.59. The company’s 50-day moving average is $4.65 and its 200-day moving average is $5.14. AAC Technologies has a fifty-two week low of $3.09 and a fifty-two week high of $6.89.

AAC Technologies Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, May 28th will be given a dividend of $0.0262 per share. This represents a yield of 0.53%. The ex-dividend date is Tuesday, May 27th. This is an increase from AAC Technologies’s previous dividend of $0.01.

AAC Technologies Company Profile

AAC Technologies Holdings Inc, an investment holding company, provides solutions for smart devices in Mainland China, Hong Kong Special Administrative Region of the People's Republic of China, Taiwan, other Asian countries, the United States, and Europe. The company operates through Acoustics Product, Electromagnetic Drives and Precision Mechanics, Optics Products, Sensor and Semiconductor Products, and other products segments.