Sunny Optical Technology (Group) Company Limited (OTCMKTS:SNPTF) Sees Large Decrease in Short Interest

Sunny Optical Technology (Group) Company Limited (OTCMKTS:SNPTF) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 1,759,215 shares, a drop of 76.7% from the July 15th total of 7,538,974 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 28,767 shares, the days-to-cover ratio is presently 61.2 days.

Sunny Optical Technology (Group) Price Performance

Shares of Sunny Optical Technology (Group) stock opened at $6.99 on Thursday. The company has a 50-day simple moving average of $8.36 and a two-hundred day simple moving average of $7.79. Sunny Optical Technology has a 52-week low of $6.61 and a 52-week high of $11.62.

About Sunny Optical Technology (Group)

Sunny Optical Technology (Group) Co, Ltd. is a China-based designer and manufacturer of precision optical components and optoelectronic products. The company’s core business encompasses the development, production and sale of lenses, lens modules, prisms and other precision optical devices that serve a variety of end markets. Sunny Optical’s solutions are integrated into smartphones, digital cameras, surveillance systems, automotive vision equipment and emerging augmented reality/virtual reality (AR/VR) applications.

Product offerings include multi-element smartphone camera lenses and modules with autofocus, zoom and wide-angle capabilities, as well as specialized optics for automotive advanced driver-assistance systems (ADAS), machine vision, medical endoscopy and other industrial imaging uses.