AU Optronics Corporation (NYSE:AUO) Shorts Decreased by 2.26% After Short Covering

The stock of AU Optronics Corporation (NYSE:AUO) registered a decrease of 2.26% in short interest. AUO’s total short interest was 7.96M shares in April as published by FINRA. Its down 2.26% from 8.14 million shares, reported previously. With 555,200 shares average volume, it will take short sellers 14 days to cover their AUO’s short positions. The short interest to AU Optronics Corporation’s float is 0.95%. The stock is up 3.24% or $0.1 after the news, hitting $3.03 per share. About 301,012 shares traded hands. AU Optronics Corp (ADR) (NYSE:AUO) has declined 4.85% since September 2, 2015 and is downtrending. It has underperformed by 9.92% the S&P500.

Au Optronics Corp. is engaged in the research, development, production and sale of thin film transistor liquid crystal displays and other flat panel displays used in a range of applications. The company has a market cap of $3.13 billion. The Firm is also engaged in the production and sale of solar photovoltaic (PV) modules and systems. It has 19.51 P/E ratio. The Firm operates in two business divisions: Display Business and Solar Business.

Out of 2 analysts covering AU Optronics (NYSE:AUO), 1 rate it “Buy”, 1 “Sell”, while 1 “Hold”. This means 33% are positive. AU Optronics was the topic in 5 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Citigroup upgraded the stock on April 7 to “Sell” rating.

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