Is Ostin Technology Group Co Ltd (NASDAQ: OST) A Disaster Waiting To Happen Or Is It A Chance To Make Money?

In the last trading session, 128.86 million Ostin Technology Group Co Ltd (NASDAQ:OST) shares changed hands as the company’s beta touched 0.88. With the company’s per share price at $0.35 changed hands at -$0.2 or -36.42% during last session, the market valuation stood at $37.64M. OST’s last price was a discount, traded about -2585.71% off its 52-week high of $9.40. The share price had its 52-week low at $0.51, which suggests the last value was -45.71% down since then. When we look at Ostin Technology Group Co Ltd’s average trading volume, we note the 10-day average is 28.07 million shares, with the 3-month average coming to 6.03 million.

Ostin Technology Group Co Ltd (NASDAQ:OST) trade information

Instantly OST was in red as seen at the end of in last trading. With action -95.45%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -91.64%, with the 5-day performance at -95.45% in the red. However, in the 30-day time frame, Ostin Technology Group Co Ltd (NASDAQ:OST) is -93.56% down. Looking at the short shares, we see there were 3.38 million shares sold at short interest cover period of 0.73 days.

OST Dividends

Ostin Technology Group Co Ltd is expected to release its next quarterly earnings report in July.

Ostin Technology Group Co Ltd (NASDAQ:OST)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 35.10% of Ostin Technology Group Co Ltd shares while 0.01% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 0.02%. There are 0.01% institutions holding the Ostin Technology Group Co Ltd stock share, with TWO SIGMA SECURITIES, LLC the top institutional holder. As of 2024-06-30, the company held 0.1239% of the shares, roughly 17357.0 OST shares worth $6769.0.

RENAISSANCE TECHNOLOGIES LLC holds the second largest percentage of outstanding shares, with 0.0978% or 13700.0 shares worth $5343.0 as of 2024-06-30.

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