Ostin Technology Group Co., Ltd. (NASDAQ:OST) Sees Large Decline in Short Interest

Ostin Technology Group Co., Ltd. (NASDAQ:OST) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 24,900 shares, a drop of 24.3% from the September 30th total of 32,900 shares. Based on an average daily trading volume, of 93,500 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the shares of the company are sold short.

Ostin Technology Group Stock Performance

NASDAQ OST traded up $0.01 during midday trading on Friday, hitting $0.34. The company had a trading volume of 6,265 shares, compared to its average volume of 134,866. The firm has a fifty day simple moving average of $0.35 and a two-hundred day simple moving average of $0.38. Ostin Technology Group has a fifty-two week low of $0.27 and a fifty-two week high of $1.07.

Ostin Technology Group Company Profile

Ostin Technology Group Co, Ltd. designs, develops, and manufactures thin-film transistor liquid crystal display (TFT-LCD) modules and polarizers in China. It offers display modules to markets, such as consumer electronics, including AIOs, monitors, laptop computers, and tablets; automotive displays, including dashboard, and navigation and multimedia systems; and commercial LCD displays, which are used to display multimedia graphics, such as company advertisements, promotions, scoreboards, and traffic signs in education, medical treatment, business, outdoor, and cultural construction industries.