Could POET TECHNOLOGIES INC COMMON CANADA (OTCMKTS:POETF) Change Direction After More Shorts?

June 6, 2018 - By Louis Casey

The stock of POET TECHNOLOGIES INC COMMON CANADA (OTCMKTS:POETF) registered an increase of 142.4% in short interest. POETF’s total short interest was 113,200 shares in June as published by FINRA. Its up 142.4% from 46,700 shares, reported previously. With 203,700 shares average volume, it will take short sellers 1 days to cover their POETF’s short positions.

It closed at $0.2875 lastly. It is down 0.00% since June 6, 2017 and is . It has underperformed by 12.57% the S&P500.

POET Technologies Inc. designs, manufactures, and sells semi-conductor products for consumer, data center, high performance computing, military, and commercial applications in the United States, Canada, and Singapore. The company has market cap of $85.86 million. It offers photonic sensing and optical light source products. It currently has negative earnings. The firm was formerly known as Opel Technologies Inc. and changed its name to POET Technologies Inc. in June 2013.

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