Akoustis Technologies, Inc. (NASDAQ:AKTS) Short Interest Up 300.8% in October

Akoustis Technologies, Inc. (NASDAQ:AKTSGet Free Report) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 5,330,000 shares, a growth of 300.8% from the October 15th total of 1,330,000 shares. Based on an average daily volume of 11,960,000 shares, the days-to-cover ratio is currently 0.4 days.

Akoustis Technologies Stock Down 1.9 %

NASDAQ AKTS traded down $0.00 on Tuesday, reaching $0.05. The company had a trading volume of 3,504,875 shares, compared to its average volume of 8,316,440. The company has a quick ratio of 0.41, a current ratio of 0.44 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $7.10 million, a P/E ratio of -0.05 and a beta of 1.69. The company’s fifty day moving average is $0.07 and its 200 day moving average is $0.16. Akoustis Technologies has a 52-week low of $0.04 and a 52-week high of $1.19.

Institutional Trading of Akoustis Technologies

A number of large investors have recently added to or reduced their stakes in the stock. Adalta Capital Management LLC bought a new position in shares of Akoustis Technologies during the 1st quarter worth $95,000. AWM Investment Company Inc. bought a new position in Akoustis Technologies during the first quarter worth about $909,000. Silverback Asset Management LLC raised its position in shares of Akoustis Technologies by 23.9% in the first quarter. Silverback Asset Management LLC now owns 4,238,389 shares of the technology company’s stock valued at $2,505,000 after purchasing an additional 817,938 shares during the period. Vanguard Group Inc. boosted its holdings in Akoustis Technologies by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 3,824,953 shares of the technology company’s stock worth $2,261,000 after buying an additional 198,149 shares during the period. Finally, Perkins Capital Management Inc. grew its stake in Akoustis Technologies by 296.5% in the 1st quarter. Perkins Capital Management Inc. now owns 2,405,152 shares of the technology company’s stock valued at $1,422,000 after buying an additional 1,798,500 shares in the last quarter. Hedge funds and other institutional investors own 28.84% of the company’s stock.

About Akoustis Technologies

(Get Free Report)

Akoustis Technologies, Inc, through its subsidiary, Akoustis, Inc, designs, develops, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industry in the United States, Asia, Europe, and internationally. It operates through Foundry Fabrication Services and RF Filters segments.

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