Short Interest in Jenoptik AG (OTCMKTS:JNPKF) Declines By 92.6%

Jenoptik AG (OTCMKTS:JNPKF) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 3,234 shares, a decrease of 92.6% from the June 15th total of 43,975 shares. Based on an average daily volume of 1,596 shares, the short-interest ratio is presently 2.0 days.

Jenoptik Price Performance

OTCMKTS JNPKF remained flat at $44.09 on Friday. The company had a trading volume of 4,300 shares, compared to its average volume of 3,443. Jenoptik has a 1-year low of $19.33 and a 1-year high of $56.25. The business has a fifty day moving average price of $49.36 and a 200 day moving average price of $35.86.

Analysts Set New Price Targets

JNPKF has been the topic of a number of recent research reports. Oddo Bhf lowered Jenoptik to a “neutral” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Jenoptik in a research note on Wednesday, May 13th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Jenoptik in a report on Wednesday. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

About Jenoptik

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.