Akoustis Technologies, Inc. (NASDAQ:AKTS) Short Interest Down 32.6% in November

Akoustis Technologies, Inc. (NASDAQ:AKTS) was the recipient of a large drop in short interest in November. As of November 15th, there was short interest totalling 3,590,000 shares, a drop of 32.6% from the October 31st total of 5,330,000 shares. Based on an average daily trading volume, of 20,390,000 shares, the short-interest ratio is currently 0.2 days.

Akoustis Technologies Trading Down 8.2 %

Shares of NASDAQ AKTS opened at $0.10 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.32 and a quick ratio of 0.28. Akoustis Technologies has a one year low of $0.04 and a one year high of $1.19. The firm has a fifty day moving average of $0.07 and a 200 day moving average of $0.11.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Akoustis Technologies stock. Vanguard Group Inc. lifted its position in 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 fund owned 3,824,953 shares of the technology company’s stock after acquiring an additional 198,149 shares during the period. Vanguard Group Inc. owned 3.88% of Akoustis Technologies worth $2,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other 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.