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

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 2,963 shares, a growth of 208.6% from the May 31st total of 960 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 26,498 shares, the days-to-cover ratio is currently 0.1 days.

AAC Technologies Trading Down 4.7%

OTCMKTS:AACAY opened at $5.49 on Friday. AAC Technologies has a 1 year low of $3.82 and a 1 year high of $6.51. The stock’s 50 day simple moving average is $5.42 and its two-hundred day simple moving average is $4.91. The company has a quick ratio of 1.19, a current ratio of 1.49 and a debt-to-equity ratio of 0.31.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group lowered shares of AAC Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, AAC Technologies currently has a consensus rating of “Hold”.

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.