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

Jenoptik AG (OTCMKTS:JNPKF) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 10,707 shares, a growth of 145.9% from the January 29th total of 4,355 shares. Based on an average trading volume of 8 shares, the days-to-cover ratio is presently 1,338.4 days. Based on an average trading volume of 8 shares, the days-to-cover ratio is presently 1,338.4 days.

Jenoptik Stock Performance

Shares of OTCMKTS JNPKF opened at $25.59 on Friday. Jenoptik has a 1 year low of $17.31 and a 1 year high of $25.59. The company’s 50-day moving average is $24.62 and its 200 day moving average is $22.55.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised Jenoptik from a “hold” rating to a “buy” rating in a research note on Friday, January 30th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Jenoptik has an average rating of “Buy”.

About Jenoptik

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.