Short Interest in Yangtze Optical Fibre And Cable Joint Stock Limited (OTCMKTS:YZOFF) Drops By 37.9%

Yangtze Optical Fibre And Cable Joint Stock Limited (OTCMKTS:YZOFFGet Free Report) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 1,903,201 shares, a drop of 37.9% from the May 31st total of 3,064,128 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Yangtze Optical Fibre And Cable Joint Stock Stock Up 3.1%

OTCMKTS:YZOFF opened at C$34.30 on Thursday. The firm’s fifty day simple moving average is C$31.27 and its 200-day simple moving average is C$16.84. Yangtze Optical Fibre And Cable Joint Stock has a fifty-two week low of C$7.56 and a fifty-two week high of C$34.30.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group initiated coverage on Yangtze Optical Fibre And Cable Joint Stock in a research report on Thursday, April 16th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Check Out Our Latest Report on YZOFF

Yangtze Optical Fibre And Cable Joint Stock Company Profile

(Get Free Report)

Yangtze Optical Fibre and Cable Joint Stock Company (OTCMKTS: YZOFF) is a China-based manufacturer specializing in the development, production and sales of optical fiber preforms, optical fibers and optical cables. Headquartered in Wuhan, Hubei Province, the company serves key communications infrastructure markets by supplying high-performance fiber-optic solutions for telecommunications carriers, data centers, enterprise networks and broadband access providers. Its product portfolio encompasses single-mode and multi-mode fibers, all-dielectric self-supporting cables, submarine cables and special-purpose fiber assemblies designed to meet rigorous industry standards.

Founded in the early 2000s as a joint stock enterprise, Yangtze Optical Fibre and Cable has grown through investments in integrated production lines and research facilities.

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