Short Interest in AAC Technologies Holdings Inc. (OTCMKTS:AACAY) Rises By 4,506.5%

AAC Technologies Holdings Inc. (OTCMKTS:AACAYGet Free Report) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 16,261 shares, an increase of 4,506.5% from the July 30th total of 353 shares. Based on an average daily trading volume, of 86,088 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

AAC Technologies Stock Performance

Shares of AAC Technologies stock traded up $0.09 during trading hours on Tuesday, reaching $5.06. The company’s stock had a trading volume of 2,233 shares, compared to its average volume of 10,920. AAC Technologies has a one year low of $3.82 and a one year high of $6.45. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.19 and a current ratio of 1.49. The firm has a 50 day moving average price of $5.25 and a 200-day moving average price of $4.97.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut shares of AAC Technologies from a “strong-buy” rating to a “hold” rating in a research note on Sunday. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, AAC Technologies presently has a consensus rating of “Hold”.

Read Our Latest Analysis on AACAY

About AAC Technologies

(Get Free Report)

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.

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