Short Interest in Smartoptics Group AS (OTCMKTS:SMOPF) Decreases By 64.4%

Smartoptics Group AS (OTCMKTS:SMOPF) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 1,282 shares, a decline of 64.4% from the May 14th total of 3,597 shares. Based on an average daily volume of 39,495 shares, the days-to-cover ratio is currently 0.0 days.

Smartoptics Group AS Price Performance

Shares of OTCMKTS:SMOPF opened at $5.32 on Friday. Smartoptics Group AS has a 12-month low of $5.03 and a 12-month high of $7.15. The company’s fifty day moving average is $4.78 and its two-hundred day moving average is $2.88.

About Smartoptics Group AS

Smartoptics Group AS provides optical networking solutions and devices worldwide. Its products include flexible open line systems; multiplexers and OADMs; modular transponders and muxponders; optical transceivers; active and passive system products; and Sosmart software suites. The company also provides technical support, extended warranty, advance product replacement, complete and smart care, network design, staging and installation support, and training and education services. Its solutions are used in metro and regional network applications.