Short Interest in VIA optronics AG (NYSE:VIAO) Increases By 65.5%

VIA optronics AG (NYSE:VIAOGet Rating) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totalling 4,800 shares, an increase of 65.5% from the April 15th total of 2,900 shares. Based on an average daily volume of 8,300 shares, the short-interest ratio is presently 0.6 days.

A number of institutional investors have recently bought and sold shares of VIAO. Franklin Resources Inc. increased its holdings in shares of VIA optronics by 3.0% during the third quarter. Franklin Resources Inc. now owns 1,387,300 shares of the company’s stock valued at $10,627,000 after acquiring an additional 40,500 shares in the last quarter. Royce & Associates LP grew its position in VIA optronics by 12.5% during the 1st quarter. Royce & Associates LP now owns 1,343,973 shares of the company’s stock valued at $10,752,000 after purchasing an additional 149,134 shares during the last quarter. Wasatch Advisors Inc. increased its stake in VIA optronics by 2.8% during the 4th quarter. Wasatch Advisors Inc. now owns 549,483 shares of the company’s stock valued at $4,039,000 after purchasing an additional 14,841 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in VIA optronics by 68.4% in the first quarter. First Eagle Investment Management LLC now owns 128,337 shares of the company’s stock worth $1,027,000 after buying an additional 52,107 shares during the last quarter. Finally, Needham Investment Management LLC bought a new position in shares of VIA optronics in the fourth quarter worth approximately $478,000. 21.43% of the stock is currently owned by institutional investors and hedge funds.

VIA optronics stock traded down $0.10 during trading hours on Friday, hitting $3.12. 5,637 shares of the stock traded hands, compared to its average volume of 5,451. The firm’s 50-day moving average price is $6.48 and its two-hundred day moving average price is $7.70. The company has a current ratio of 1.80, a quick ratio of 1.34 and a debt-to-equity ratio of 0.14. The company has a market cap of $70.67 million, a PE ratio of -5.67 and a beta of 0.69. VIA optronics has a one year low of $3.12 and a one year high of $14.47.

Separately, TheStreet cut VIA optronics from a “c-” rating to a “d” rating in a research report on Friday, April 8th.

About VIA optronics (Get Rating)

VIA optronics AG, through its subsidiary, provides display solutions worldwide. It also develops, manufactures, and sells customized and application-specific metal mesh touch sensors and electrode base film materials for use in touch modules or other touch products. In addition, the company offers interactive display solutions, including curved display panels and solutions integrating multiple display touch assemblies; and optical bonding services, as well as licenses optical bonding process and sells related equipment.

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