Sunny Optical Technology (Group) Company Limited (OTCMKTS:SNPTF) Sees Significant Growth in Short Interest

Sunny Optical Technology (Group) Company Limited (OTCMKTS:SNPTF) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 2,715,074 shares, a growth of 88.5% from the June 15th total of 1,440,111 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Sunny Optical Technology (Group) Stock Performance

Shares of OTCMKTS SNPTF opened at $6.99 on Thursday. The firm’s 50-day moving average price is $8.68 and its 200-day moving average price is $8.04. Sunny Optical Technology has a 1-year low of $6.61 and a 1-year high of $11.62.

Sunny Optical Technology (Group) Company Profile

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.