AAC Technologies Holdings Inc. (OTCMKTS:AACAY) Short Interest Up 381.9% in June

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 14,278 shares, an increase of 381.9% from the June 15th total of 2,963 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 18,456 shares, the short-interest ratio is currently 0.8 days.

Analyst Upgrades and Downgrades

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

AAC Technologies Price Performance

Shares of OTCMKTS AACAY opened at $4.97 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31. AAC Technologies has a 12 month low of $3.82 and a 12 month high of $6.51. The stock has a 50 day moving average of $5.48 and a 200-day moving average of $4.93.

AAC Technologies Company Profile

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.