Short Interest in AAC Technologies Holdings Inc. (OTCMKTS:AACAY) Drops By 82.4%

AAC Technologies Holdings Inc. (OTCMKTS:AACAY - Get Free Report) was the recipient of a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 300 shares, a decline of 82.4% from the May 15th total of 1,700 shares. Based on an average daily volume of 3,900 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company's shares are sold short.

AAC Technologies Price Performance

AACAY traded up $0.18 during trading on Thursday, hitting $4.93. 2,274 shares of the company's stock were exchanged, compared to its average volume of 9,910. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.59 and a quick ratio of 1.25. AAC Technologies has a 1 year low of $3.09 and a 1 year high of $6.89. The stock has a 50 day moving average price of $4.67 and a 200 day moving average price of $5.14.

AAC Technologies Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, May 28th will be paid a dividend of $0.0262 per share. This is an increase from AAC Technologies's previous dividend of $0.01. This represents a yield of 0.53%. The ex-dividend date is Tuesday, May 27th.

About AAC Technologies

AAC Technologies Holdings Inc, an investment holding company, provides solutions for smart devices in Mainland China, Hong Kong Special Administrative Region of the People's Republic of China, Taiwan, other Asian countries, the United States, and Europe. The company operates through Acoustics Product, Electromagnetic Drives and Precision Mechanics, Optics Products, Sensor and Semiconductor Products, and other products segments.