Ostin Technology Group Co., Ltd. (NASDAQ:OST) Sees Significant Increase in Short Interest

Ostin Technology Group Co., Ltd. (NASDAQ:OST) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 350,800 shares, an increase of 45.4% from the May 15th total of 241,200 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 3,150,000 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Ostin Technology Group to a “hold” rating in a report on Saturday, May 31st.

Ostin Technology Group Stock Performance

OST stock opened at $7.29 on Wednesday. Ostin Technology Group has a 52 week low of $0.78 and a 52 week high of $7.30. The company’s 50-day moving average price is $4.14 and its 200 day moving average price is $2.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.51 and a quick ratio of 0.24.

Ostin Technology Group Company Profile

Ostin Technology Group Co, Ltd. designs, develops, and manufactures thin-film transistor liquid crystal display (TFT-LCD) modules and polarizers in China. It offers display modules to markets, such as consumer electronics, including AIOs, monitors, laptop computers, and tablets; automotive displays, including dashboard, and navigation and multimedia systems; and commercial LCD displays, which are used to display multimedia graphics, such as company advertisements, promotions, scoreboards, and traffic signs in education, medical treatment, business, outdoor, and cultural construction industries.