AAC Technologies Holdings Inc. (OTCMKTS:AACAY) Sees Large Decline in Short Interest

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 449 shares, a drop of 96.9% from the June 30th total of 14,278 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 23,690 shares, the days-to-cover ratio is presently 0.0 days.

AAC Technologies Price Performance

Shares of OTCMKTS AACAY opened at $4.85 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.19 and a current ratio of 1.49. The stock’s fifty day simple moving average is $5.45 and its 200 day simple moving average is $4.93. AAC Technologies has a 52-week low of $3.82 and a 52-week high of $6.51.

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.