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

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

Smartoptics Group AS Price Performance

SMOPF stock opened at $6.80 on Friday. The stock has a 50-day moving average price of $3.99 and a 200-day moving average price of $2.60. Smartoptics Group AS has a 1-year low of $5.15 and a 1-year 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.