Significant Short Interest Decrease in Sunny Optical Technology (SNPTF) Suggests Increasing Investor Confidence

On May 31st, Sunny Optical Technology (Group) Company Limited (OTCMKTS:SNPTF) experienced a 15.8% decrease in short interest, with 7,155,500 shares being shorted as compared to the 8,494,400 shares that were shorted on May 15th. With an average daily trading volume of 2,800 shares and a current short-interest ratio of 2,555.5 days, it is clear that there is still significant interest in this company.

The stock price for Sunny Optical Technology opened at $5.85 on Friday. Over the past fifty-two weeks, the company’s low has been $4.54 and its high has been $10.50. Currently, its fifty-day moving average stands at $5.21 and its two-hundred day moving average is at $6.56.

Sunny Optical Technology (Group) Company Limited is involved in the design, research, development, manufacturing, and sale of optical and optical-related products as well as scientific instruments. The company’s Optical Components segment produces various types of lenses such as glass spherical and aspherical lenses, handset lens sets