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

Financial News Live ·  Aug 28, 2022 09:51

Ostin Technology Group Co., Ltd. (NASDAQ:OST – Get Rating) was the recipient of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 255,200 shares, an increase of 2,199.1% from the July 31st total of 11,100 shares. Approximately 3.4% of the shares of the stock are short sold. Based on an average daily volume of 1,300,000 shares, the days-to-cover ratio is presently 0.2 days.

Ostin Technology Group Stock Performance

NASDAQ OST traded down $0.07 during mid-day trading on Friday, hitting $1.90. The stock had a trading volume of 190,572 shares, compared to its average volume of 2,237,298. The stock's 50 day moving average is $1.92. Ostin Technology Group has a twelve month low of $1.52 and a twelve month high of $47.79.

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Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Ostin Technology Group stock. Jane Street Group LLC acquired a new stake in Ostin Technology Group Co., Ltd. (NASDAQ:OST – Get Rating) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 15,262 shares of the company's stock, valued at approximately $25,000. Jane Street Group LLC owned about 0.11% of Ostin Technology Group as of its most recent filing with the SEC.

About Ostin Technology Group

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Ostin Technology Group Co, Ltd. designs, develops, and manufactures thin-film transistor liquid crystal display (TFT-LCD) modules and polarizers in China. The company offers TFT-LCD solutions for drive IC, TCON board, and power supply applications; back light systems and special modules; LC display modules, touch panel modules, and smart display terminals; and polarizers used in the TFT-LCD display modules.

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