Sunny Optical Technology (Group) Company Limited (OTCMKTS:SNPTF) Sees Large Growth in Short Interest

Sunny Optical Technology (Group) Company Limited (OTCMKTS:SNPTF) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 7,538,974 shares, a growth of 177.7% from the June 30th total of 2,715,074 shares. Based on an average trading volume of 35 shares, the days-to-cover ratio is currently 215,399.3 days. Currently, 0.7% of the company’s shares are sold short.

Sunny Optical Technology (Group) Stock Performance

OTCMKTS:SNPTF opened at $6.99 on Wednesday. The firm’s fifty day simple moving average is $8.53 and its 200 day simple moving average is $7.92. Sunny Optical Technology has a twelve month low of $6.61 and a twelve month high of $11.62.

Sunny Optical Technology (Group) Company Profile

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.