Short Interest in Jenoptik AG (OTCMKTS:JNPKF) Drops By 92.6%

Jenoptik AG (OTCMKTS:JNPKF) saw a significant decline in short interest in June. As of June 30th, there was short interest totaling 3,234 shares, a decline of 92.6% from the June 15th total of 43,975 shares. Based on an average daily volume of 1,596 shares, the days-to-cover ratio is presently 2.0 days.

Jenoptik Stock Performance

Shares of JNPKF remained flat at $44.09 during trading hours on Friday. Jenoptik has a 1-year low of $19.33 and a 1-year high of $56.25. The firm has a 50 day simple moving average of $49.48 and a 200 day simple moving average of $36.02.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on JNPKF. Jefferies Financial Group restated a “buy” rating on shares of Jenoptik in a research report on Wednesday. Oddo Bhf lowered shares of Jenoptik to a “neutral” rating in a research report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Jenoptik in a report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate 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.