Sunny Optical Technology (Group) Company Limited (OTCMKTS:SNPTF) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 3,003,800 shares, a growth of 26.3% from the August 15th total of 2,379,200 shares. Based on an average trading volume of 600 shares, the days-to-cover ratio is currently 5,006.3 days.
SNPTF stock opened at $29.31 on Tuesday. The stock’s 50 day simple moving average is $28.80 and its 200 day simple moving average is $26.55. The stock has a market capitalization of $32.24 billion, a PE ratio of 45.09 and a beta of 0.79. The company has a current ratio of 1.91, a quick ratio of 1.48 and a debt-to-equity ratio of 0.23. Sunny Optical Technology has a 12-month low of $15.05 and a 12-month high of $32.09.
Several research firms recently issued reports on SNPTF. Jefferies Financial Group raised Sunny Optical Technology (Group) from a “hold” rating to a “buy” rating in a research report on Wednesday, August 18th. UBS Group cut Sunny Optical Technology (Group) from a “buy” rating to a “neutral” rating in a research report on Friday, June 25th. Finally, Citigroup raised Sunny Optical Technology (Group) from a “neutral” rating to a “buy” rating in a research report on Monday, August 30th.
Sunny Optical Technology (Group) Company Limited, an investment holding company, engages in designing, researching, developing, manufacturing, and selling optical and optical related products, and scientific instruments. It operates through three segments: Optical Components, Optoelectronic Products, and Optical Instruments.
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