Short Interest in Jenoptik AG (OTCMKTS:JNPKF) Grows By 413.6%

Jenoptik AG (OTCMKTS:JNPKF) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 4,355 shares, an increase of 413.6% from the January 15th total of 848 shares. Based on an average trading volume of 78 shares, the days-to-cover ratio is presently 55.8 days. Based on an average trading volume of 78 shares, the days-to-cover ratio is presently 55.8 days.

Jenoptik Price Performance

Shares of OTCMKTS:JNPKF opened at $25.59 on Wednesday. Jenoptik has a 52-week low of $17.31 and a 52-week high of $25.59. The business’s 50 day moving average is $23.53 and its 200 day moving average is $22.21.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upgraded Jenoptik from a “hold” rating to a “buy” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently 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.