Jenoptik AG (OTCMKTS:JNPKF) Short Interest Update

Jenoptik AG (OTCMKTS:JNPKF) saw a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 2,080 shares, a decrease of 91.8% from the July 30th total of 25,428 shares. Based on an average trading volume of 5,810 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on JNPKF. Jefferies Financial Group reaffirmed a “buy” rating on shares of Jenoptik in a research note on Wednesday, July 8th. Oddo Bhf downgraded shares of Jenoptik to a “neutral” rating in a research report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Jenoptik in a report on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Jenoptik Stock Performance

Shares of OTCMKTS:JNPKF remained flat at $44.25 during midday trading on Tuesday. The company’s 50 day simple moving average is $46.75 and its two-hundred day simple moving average is $40.69. Jenoptik has a 1-year low of $19.33 and a 1-year 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.