Sunny Optical Technology (Group) Company Limited (OTCMKTS:SNPTF) Sees Significant Drop in Short Interest

Sunny Optical Technology (Group) Company Limited (OTCMKTS:SNPTFGet Free Report) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 1,680,329 shares, a decrease of 86.6% from the February 26th total of 12,529,329 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,810 shares, the short-interest ratio is presently 289.2 days. Based on an average daily trading volume, of 5,810 shares, the short-interest ratio is presently 289.2 days. Currently, 0.2% of the shares of the stock are short sold.

Sunny Optical Technology (Group) Trading Down 2.8%

Shares of OTCMKTS:SNPTF traded down $0.19 during midday trading on Tuesday, hitting $6.61. The company’s stock had a trading volume of 300 shares, compared to its average volume of 7,150. Sunny Optical Technology has a 12-month low of $6.61 and a 12-month high of $11.63. The business’s 50 day simple moving average is $7.57 and its 200 day simple moving average is $8.89. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.40 and a current ratio of 1.63.

About Sunny Optical Technology (Group)

(Get Free Report)

Sunny Optical Technology (Group) Co, Ltd. is a China-based designer and manufacturer of precision optical components and optoelectronic products. The company’s core business encompasses the development, production and sale of lenses, lens modules, prisms and other precision optical devices that serve a variety of end markets. Sunny Optical’s solutions are integrated into smartphones, digital cameras, surveillance systems, automotive vision equipment and emerging augmented reality/virtual reality (AR/VR) applications.

Product offerings include multi-element smartphone camera lenses and modules with autofocus, zoom and wide-angle capabilities, as well as specialized optics for automotive advanced driver-assistance systems (ADAS), machine vision, medical endoscopy and other industrial imaging uses.

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