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

AAC Technologies Holdings Inc. (OTCMKTS:AACAY) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 945 shares, a growth of 4,195.5% from the April 30th total of 22 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 14,750 shares, the short-interest ratio is presently 0.1 days.

AAC Technologies Trading Down 0.5%

Shares of OTCMKTS AACAY traded down $0.03 during mid-day trading on Wednesday, reaching $5.65. 2,378 shares of the company’s stock were exchanged, compared to its average volume of 7,777. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.19 and a current ratio of 1.49. AAC Technologies has a 52-week low of $3.82 and a 52-week high of $6.51. The company’s 50-day moving average is $4.73 and its 200-day moving average is $4.76.

Analyst Ratings Changes

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