AAC Technologies Holdings Inc. (OTCMKTS:AACAY) Short Interest Down 93.5% in April

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 22 shares, a decline of 93.5% from the April 15th total of 339 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 5,307 shares, the short-interest ratio is currently 0.0 days.

AAC Technologies Stock Performance

AACAY traded down $0.06 during mid-day trading on Monday, reaching $4.92. The stock had a trading volume of 2,440 shares, compared to its average volume of 2,857. AAC Technologies has a 52 week low of $3.82 and a 52 week high of $6.51. The firm’s fifty day simple moving average is $4.45 and its two-hundred day simple moving average is $4.74. The company has a quick ratio of 1.19, a current ratio of 1.49 and a debt-to-equity ratio of 0.31.

Analysts Set New Price Targets

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

AAC Technologies Company Profile

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.