Akoustis Technologies, Inc. (NASDAQ:AKTS) Short Interest Up 101.9% in November

Akoustis Technologies, Inc. (NASDAQ:AKTS) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 7,250,000 shares, an increase of 101.9% from the November 15th total of 3,590,000 shares. Based on an average trading volume of 20,960,000 shares, the days-to-cover ratio is currently 0.3 days.

Akoustis Technologies Stock Performance

Akoustis Technologies stock traded down $0.01 during trading hours on Friday, reaching $0.07. 8,909,949 shares of the company’s stock were exchanged, compared to its average volume of 11,098,002. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.28 and a current ratio of 0.32. The firm’s 50 day simple moving average is $0.07 and its 200 day simple moving average is $0.10. Akoustis Technologies has a twelve month low of $0.04 and a twelve month high of $1.19.

Institutional Trading of Akoustis Technologies

An institutional investor recently raised its position in Akoustis Technologies stock. Vanguard Group Inc. grew its position in Akoustis Technologies, Inc. (NASDAQ:AKTS) by 5.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,824,953 shares of the technology company’s stock after purchasing an additional 198,149 shares during the period. Vanguard Group Inc. owned about 3.88% of Akoustis Technologies worth $2,261,000 at the end of the most recent reporting period. Institutional investors own 28.84% of the company’s stock.

About Akoustis Technologies

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.