Jenoptik AG (OTCMKTS:JNPKF) Sees Significant Growth in Short Interest

Jenoptik AG (OTCMKTS:JNPKF) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 21,674 shares, an increase of 94.4% from the May 14th total of 11,149 shares. Based on an average daily volume of 1,710 shares, the short-interest ratio is presently 12.7 days.

Wall Street Analyst Weigh In

JNPKF has been the subject of several research reports. Oddo Bhf downgraded shares of Jenoptik to a “neutral” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Jenoptik in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Jenoptik Stock Performance

Shares of JNPKF stock remained flat at $50.56 during trading hours on Tuesday. 1,520 shares of the stock traded hands, compared to its average volume of 3,186. The firm has a 50 day moving average price of $44.59 and a 200 day moving average price of $32.16. Jenoptik has a 12-month low of $19.33 and a 12-month high of $56.25.

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.