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

Akoustis Technologies, Inc. (NASDAQ:AKTS) saw a large growth in short interest in the month of 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 presently 0.4 days.

Akoustis Technologies Trading Down 1.9 %

NASDAQ AKTS traded down $0.00 during trading hours on Tuesday, hitting $0.05. 3,504,875 shares of the company’s stock were exchanged, compared to its average volume of 8,316,440. The firm has a market cap of $7.10 million, a price-to-earnings ratio of -0.05 and a beta of 1.69. The stock has a 50-day simple moving average of $0.07 and a 200 day simple moving average of $0.16. The company has a current ratio of 0.44, a quick ratio of 0.41 and a debt-to-equity ratio of 1.00. Akoustis Technologies has a 1-year low of $0.04 and a 1-year high of $1.19.

Institutional Trading of Akoustis Technologies

Hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its stake in Akoustis Technologies by 47.9% during the first quarter. BNP Paribas Financial Markets now owns 82,295 shares of the technology company’s stock worth $49,000 after acquiring an additional 26,654 shares in the last quarter. Adalta Capital Management LLC acquired a new stake in shares of Akoustis Technologies in the 1st quarter valued at about $95,000. AWM Investment Company Inc. bought a new stake in Akoustis Technologies in the 1st quarter valued at about $909,000. Perkins Capital Management Inc. raised its stake in Akoustis Technologies by 296.5% during the 1st quarter. Perkins Capital Management Inc. now owns 2,405,152 shares of the technology company’s stock worth $1,422,000 after buying an additional 1,798,500 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Akoustis Technologies by 5.5% in the first quarter. Vanguard Group Inc. now owns 3,824,953 shares of the technology company’s stock worth $2,261,000 after acquiring an additional 198,149 shares in the last quarter. Institutional investors own 28.84% of the company’s stock.

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.