Short Interest in Akoustis Technologies, Inc. (NASDAQ:AKTS) Rises By 101.9%

Akoustis Technologies, Inc. (NASDAQ:AKTS) was the recipient of a large increase in short interest during 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 daily volume of 20,960,000 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Akoustis Technologies stock. Vanguard Group Inc. boosted its position in shares of Akoustis Technologies, Inc. (NASDAQ:AKTS) by 5.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 approximately 3.88% of Akoustis Technologies worth $2,261,000 at the end of the most recent quarter. 28.84% of the stock is owned by institutional investors and hedge funds.

Akoustis Technologies Trading Down 10.5 %

NASDAQ AKTS opened at $0.07 on Friday. 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 stock’s 50 day simple moving average is $0.07 and its 200-day simple moving average is $0.10. Akoustis Technologies has a 1-year low of $0.04 and a 1-year high of $1.19.

Akoustis Technologies Company Profile

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.