AAC Technologies Holdings Inc. (OTCMKTS:AACAY) Short Interest Down 93.5% in April

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 22 shares, a decline of 93.5% from the April 15th total of 339 shares. Based on an average daily trading volume, of 5,307 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

AAC Technologies Stock Performance

AACAY traded down $0.06 on Monday, reaching $4.92. The stock had a trading volume of 2,440 shares, compared to its average volume of 2,857. AAC Technologies has a fifty-two week low of $3.82 and a fifty-two week high of $6.51. The firm has a 50-day moving average of $4.45 and a 200-day moving average of $4.74. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.49 and a quick ratio of 1.19.

Analyst Ratings Changes

Separately, Jefferies Financial Group cut shares of AAC Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, AAC Technologies presently has a consensus rating of “Hold”.

AAC Technologies Company Profile

AAC Technologies is a leading designer and manufacturer of miniaturized acoustic components and haptic solutions for the global consumer electronics industry. The company’s product portfolio includes micro speakers, receivers, microphones based on micro-electromechanical systems (MEMS), vibration motors and linear resonant actuators, as well as precision camera modules and related optical components. These technologies are widely used in smartphones, tablets, laptops, wearable devices, automotive infotainment systems and Internet-of-Things applications.

Founded in 1993 and headquartered in Shenzhen, China, AAC Technologies has grown into a key supplier for many of the world’s top original equipment manufacturers.