AAC Technologies Holdings Inc. (OTCMKTS:AACAY) Sees Large Growth in Short Interest

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 945 shares, an increase of 4,195.5% from the April 30th total of 22 shares. Based on an average daily volume of 14,750 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group downgraded AAC Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

AAC Technologies Stock Down 0.5%

AAC Technologies stock traded down $0.03 during trading on Wednesday, reaching $5.65. 2,378 shares of the company were exchanged, compared to its average volume of 7,777. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.19 and a current ratio of 1.49. The stock’s 50 day simple moving average is $4.73 and its two-hundred day simple moving average is $4.76. AAC Technologies has a 52-week low of $3.82 and a 52-week high of $6.51.

About AAC Technologies

AAC Technologies is a leading designer and manufacturer of miniaturized acoustic components and haptic solutions for the global consumer electronics industry. The company’s product portfolio includes micro speakers, receivers, microphones based on micro-electromechanical systems (MEMS), vibration motors and linear resonant actuators, as well as precision camera modules and related optical components. These technologies are widely used in smartphones, tablets, laptops, wearable devices, automotive infotainment systems and Internet-of-Things applications.

Founded in 1993 and headquartered in Shenzhen, China, AAC Technologies has grown into a key supplier for many of the world’s top original equipment manufacturers.