Short Interest Reporting: Does AKOUSTIS TECH INCORPORATED (OTCMKTS:AKTS) Have Gas After Even Less Sellers Involved?

November 23, 2016 - By Peter Erickson   ·   0 Comments

Short Interest Reporting: Does AKOUSTIS TECH INCORPORATED (OTCMKTS:AKTS) Have Gas After Even Less Sellers Involved?

The stock of AKOUSTIS TECH INCORPORATED (OTCMKTS:AKTS) registered a decrease of 3.57% in short interest. AKTS’s total short interest was 8,100 shares in November as published by FINRA. Its down 3.57% from 8,400 shares, reported previously. With 37,300 shares average volume, it will take short sellers 0 days to cover their AKTS’s short positions. About 300 shares traded hands. Akoustis Technologies Inc (OTCMKTS:AKTS) has risen 154.35% since April 21, 2016 and is uptrending. It has outperformed by 149.02% the S&P500.

Akoustis Technologies, Inc., formerly Danlax, Corp., is a fabless firm engaged in developing, designing and manufacturing radio frequency filter products for the mobile wireless device industry. The company has a market cap of $95.02 million. The Firm operates in the telecommunications and fiber optics sector. It currently has negative earnings. The Firm is focused on commercializing and manufacturing its Bulk ONE acoustic wave technology to address the critical frequency-selectivity requirements in mobile smartphones.

AKTS Company Profile

Akoustis Technologies, Inc., formerly Danlax, Corp., incorporated on April 10, 2013, is a fabless firm engaged in developing, designing and manufacturing radio frequency (RF) filter products for the mobile wireless device industry. The Firm operates in the telecommunications and fiber optics sector. The Firm is focused on commercializing and manufacturing its Bulk ONE acoustic wave technology to address the critical frequency-selectivity requirements in mobile smartphones. The Firm plans to use single crystal piezoelectric materials to develop a class of RF filters with a fundamental advantage to reduce losses over existing thin film technologies. The Company’s piezoelectric materials contain high-purity Group III element nitride materials and possess a signature, which can be detected by conventional material metrology tools.

More notable recent Akoustis Technologies Inc (OTCMKTS:AKTS) news were published by: Globenewswire.com which released: “RFMW Ltd., and Akoustis Technologies, Inc. Announce Distribution Agreement” on August 01, 2016, also Marketwired.com with their article: “Akoustis Technologies, Inc. Provides Second Quarter and Six-Month FY2016 Update” published on November 18, 2015, Seekingalpha.com published: “Akoustis: A StartUp Disrupting The BAW RF Filter Duopoly” on March 04, 2016. More interesting news about Akoustis Technologies Inc (OTCMKTS:AKTS) were released by: Bizjournals.com and their article: “Charlotte maker of high-tech filters for smartphones debuts as a public company” published on May 26, 2015 as well as Globenewswire.com‘s news article titled: “Akoustis â„¢ Achieves Technology Milestone Enabling Commercial Mobile Wireless …” with publication date: August 08, 2016.

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By Peter Erickson


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