Jenoptik AG (OTCMKTS:JNPKF) Sees Large Increase in Short Interest

Jenoptik AG (OTCMKTS:JNPKF) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 21,674 shares, an increase of 94.4% from the May 14th total of 11,149 shares. Based on an average daily trading volume, of 1,710 shares, the short-interest ratio is presently 12.7 days.

Analyst Upgrades and Downgrades

JNPKF has been the subject of several recent analyst reports. Oddo Bhf cut Jenoptik to a “neutral” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Jenoptik in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Jenoptik Price Performance

OTCMKTS JNPKF remained flat at $50.56 during trading on Monday. The company’s stock had a trading volume of 1,520 shares, compared to its average volume of 3,186. Jenoptik has a one year low of $19.33 and a one year high of $56.25. The business’s 50 day simple moving average is $44.26 and its two-hundred day simple moving average is $31.94.

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.