Akoustis Technologies Inc (NASDAQ:AKTS)’s Stock Is Sell After More Market Selling

April 17, 2018 - By Peter Erickson

Akoustis Technologies, Inc. (NASDAQ:AKTS) Logo

The stock of Akoustis Technologies Inc (NASDAQ:AKTS) registered an increase of 17.83% in short interest. AKTS’s total short interest was 916,500 shares in April as published by FINRA. Its up 17.83% from 777,800 shares, reported previously. With 116,000 shares average volume, it will take short sellers 8 days to cover their AKTS’s short positions. The short interest to Akoustis Technologies Inc’s float is 8.2%.

The stock increased 7.33% or $0.36 during the last trading session, reaching $5.27. About 185,352 shares traded or 44.09% up from the average. Akoustis Technologies, Inc. (NASDAQ:AKTS) has declined 41.78% since April 17, 2017 and is downtrending. It has underperformed by 53.33% the S&P500.

Akoustis Technologies, Inc. engages in developing, designing, and manufacturing radio frequency filter products for the mobile wireless device industries. The company has market cap of $117.63 million. It offers RF filters for mobile wireless devices, such as smartphones and tablets, cellular infrastructure equipment, and WiFi premise equipment. It currently has negative earnings. The firm focuses on manufacturing and commercializing its patented Bulk ONE acoustic wave technology to address the frequency-selectivity requirements in mobile smartphones, enhancing the efficiency and signal quality of mobile wireless devices and enabling The Internet of Things.

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