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

Jenoptik AG (OTCMKTS:JNPKF) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 10,707 shares, an increase of 145.9% from the January 29th total of 4,355 shares. Based on an average daily trading volume, of 8 shares, the short-interest ratio is currently 1,338.4 days. Based on an average daily trading volume, of 8 shares, the short-interest ratio is currently 1,338.4 days.

Jenoptik Stock Performance

Jenoptik stock opened at $25.59 on Friday. The company’s 50-day moving average is $24.56 and its 200-day moving average is $22.53. Jenoptik has a fifty-two week low of $17.31 and a fifty-two week high of $25.59.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised Jenoptik from a “hold” rating to a “buy” rating in a research report on Friday, January 30th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy”.

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.