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

Sunny Optical Technology (Group) Company Limited (OTCMKTS:SNPTF) saw a large decrease in short interest in March. As of March 13th, there was short interest totaling 1,680,329 shares, a decrease of 86.6% from the February 26th total of 12,529,329 shares. Based on an average daily volume of 5,810 shares, the short-interest ratio is presently 289.2 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 5,810 shares, the short-interest ratio is presently 289.2 days.

Sunny Optical Technology (Group) Stock Performance

OTCMKTS SNPTF opened at $6.61 on Wednesday. The business has a 50 day simple moving average of $7.57 and a 200 day simple moving average of $8.89. The company has a quick ratio of 1.40, a current ratio of 1.63 and a debt-to-equity ratio of 0.12. Sunny Optical Technology has a one year low of $6.61 and a one year high of $11.63.

About Sunny Optical Technology (Group)

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.