AU Optronics Corp (OTCMKTS:AUOTY) Sees Large Drop in Short Interest

Key Points

• AU Optronics Corp experienced a significant drop in short interest of 27.6% in August, bringing the total short interest to 629,800 shares.
• The company's stock rose by 3.0%, trading at $4.69 with a market capitalization of $3.61 billion.
• AU Optronics announced a dividend payment of $0.0837 per share, resulting in a remarkable dividend yield of 189.0%.

AU Optronics Corp (OTCMKTS:AUOTY - ) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 629,800 shares, a decrease of 27.6% from the August 15th total of 870,400 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 146,000 shares, the days-to-cover ratio is currently 4.3 days. Based on an average daily trading volume, of 146,000 shares, the days-to-cover ratio is currently 4.3 days. Approximately 0.1% of the shares of the stock are short sold.

AU Optronics Stock Up 3.0%

Shares of OTCMKTS AUOTY opened at $4.69 on Tuesday. AU Optronics has a 12 month low of $3.99 and a 12 month high of $6.40. The company has a market cap of $3.61 billion, a price-to-earnings ratio of -18.04 and a beta of 0.45. The business has a fifty day simple moving average of $4.59 and a 200-day simple moving average of $4.99.

AU Optronics Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, September 8th. Stockholders of record on Thursday, August 7th were issued a dividend of $0.0837 per share. This represents a dividend yield of 189.0%. The ex-dividend date of this dividend was Wednesday, August 6th.

AU Optronics Company Profile

AUO Corporation researches, develops, produces, and sells thin film transistor liquid crystal displays (TFT-LCDs) and other flat panel displays for various applications. It operates through two segments, Display and Energy. The company designs, manufactures, and sells ingots, solar wafers, and solar modules, as well as provides technical engineering and maintenance services for solar system projects.

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