Smartoptics Group AS (OTCMKTS:SMOPF) Sees Significant Increase in Short Interest

Smartoptics Group AS (OTCMKTS:SMOPF) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 1,000 shares, a growth of 24,900.0% from the June 15th total of 4 shares. Based on an average daily trading volume, of 6,839 shares, the days-to-cover ratio is presently 0.1 days.

Smartoptics Group AS Stock Performance

Shares of OTCMKTS SMOPF remained flat at $4.87 during midday trading on Friday. The stock had a trading volume of 350 shares, compared to its average volume of 22,780. Smartoptics Group AS has a 12 month low of $4.62 and a 12 month high of $7.15. The company’s 50 day simple moving average is $5.72 and its two-hundred day simple moving average is $3.35.

About Smartoptics Group AS

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.