Short Interest in Jenoptik AG (OTCMKTS:JNPKF) Decreases By 45.4%

Jenoptik AG (OTCMKTS:JNPKF) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 10,680 shares, a drop of 45.4% from the April 15th total of 19,564 shares. Based on an average daily volume of 3,727 shares, the days-to-cover ratio is currently 2.9 days.

Jenoptik Stock Down 2.9%

OTCMKTS JNPKF traded down $1.54 during trading on Friday, reaching $51.50. 634 shares of the stock traded hands, compared to its average volume of 3,643. The stock’s 50-day moving average price is $36.08 and its 200 day moving average price is $27.90. Jenoptik has a fifty-two week low of $19.33 and a fifty-two week high of $53.25.

Analysts Set New Price Targets

Several research analysts have recently issued reports on JNPKF shares. Oddo Bhf lowered shares of Jenoptik to a “neutral” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Jenoptik in a report on Wednesday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

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.