Short Interest in Jenoptik AG (OTCMKTS:JNPKF) Decreases By 45.4%

Jenoptik AG (OTCMKTS:JNPKF) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 10,680 shares, a decrease of 45.4% from the April 15th total of 19,564 shares. Based on an average daily trading volume, of 3,727 shares, the days-to-cover ratio is presently 2.9 days.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Jenoptik in a report on Wednesday. Oddo Bhf cut shares of Jenoptik to a “neutral” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Jenoptik has a consensus rating of “Moderate Buy”.

Jenoptik Stock Down 2.9%

Shares of Jenoptik stock traded down $1.54 on Friday, hitting $51.50. The company had a trading volume of 634 shares, compared to its average volume of 3,643. Jenoptik has a twelve month low of $19.33 and a twelve month high of $53.25. The stock has a 50-day moving average of $36.08 and a 200-day moving average of $27.90.

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.