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

Ostin Technology Group Co., Ltd. (NASDAQ:OST) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 214,700 shares, an increase of 762.2% from the October 15th total of 24,900 shares. Based on an average daily volume of 215,900 shares, the days-to-cover ratio is currently 1.0 days. Approximately 3.1% of the shares of the company are short sold.

Ostin Technology Group Price Performance

Shares of NASDAQ OST traded down $0.02 during mid-day trading on Wednesday, hitting $0.25. 32,291 shares of the company were exchanged, compared to its average volume of 165,563. Ostin Technology Group has a 1-year low of $0.25 and a 1-year high of $1.07. The stock has a 50 day simple moving average of $0.34 and a 200-day simple moving average of $0.37.

About Ostin Technology Group

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.