Akoustis Technologies, Inc. (NASDAQ:AKTS) Short Interest Update

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 daily volume of 20,960,000 shares, the days-to-cover ratio is presently 0.3 days.

Akoustis Technologies Stock Down 12.2 %

Shares of NASDAQ:AKTS traded down $0.01 during midday trading on Friday, reaching $0.07. 8,909,949 shares of the company were exchanged, compared to its average volume of 11,098,002. The stock has a fifty day simple moving average of $0.07 and a two-hundred day simple moving average of $0.10. Akoustis Technologies has a fifty-two week low of $0.04 and a fifty-two week high of $1.19. The company has a current ratio of 0.32, a quick ratio of 0.28 and a debt-to-equity ratio of 1.00.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Akoustis Technologies stock. Vanguard Group Inc. lifted its holdings in shares of Akoustis Technologies, Inc. (NASDAQ:AKTS) by 5.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,824,953 shares of the technology company’s stock after purchasing an additional 198,149 shares during the quarter. Vanguard Group Inc. owned 3.88% of Akoustis Technologies worth $2,261,000 as of its most recent SEC filing. 28.84% of the stock is owned by institutional investors.

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.