Short Interest in Jenoptik AG (OTCMKTS:JNPKF) Rises By 462.3%

Jenoptik AG (OTCMKTS:JNPKF) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 25,428 shares, a growth of 462.3% from the July 15th total of 4,522 shares. Based on an average daily trading volume, of 19,902 shares, the short-interest ratio is presently 1.3 days.

Wall Street Analysts Forecast Growth

A number of analysts have commented on JNPKF shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Jenoptik in a research report on Thursday. Oddo Bhf cut shares of Jenoptik to a “neutral” rating in a report on Monday, May 4th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Jenoptik in a research note on Wednesday, July 8th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Jenoptik Stock Performance

Shares of Jenoptik stock opened at $47.90 on Friday. The business has a fifty day simple moving average of $47.41 and a 200-day simple moving average of $39.55. Jenoptik has a fifty-two week low of $19.33 and a fifty-two week high of $56.25.

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.