AAC Technologies Holdings Inc. (OTCMKTS:AACAY) Sees Significant Growth in Short Interest

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 2,963 shares, a growth of 208.6% from the May 31st total of 960 shares. Based on an average daily volume of 26,498 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

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

AAC Technologies Trading Down 1.3%

Shares of OTCMKTS:AACAY opened at $5.42 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average price of $5.43 and a two-hundred day moving average price of $4.92. AAC Technologies has a twelve month low of $3.82 and a twelve month high of $6.51.

About AAC Technologies

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.