Ostin Technology (OST) Plunges 36.42% Amid Short Selling Surge

Ostin Technology (OST) shares plummeted 36.42% today, marking the second consecutive day of decline, with a total drop of 96.12% over the past two days. The stock price hit its lowest level since December 2024, experiencing an intraday decline of 49.09%.

The strategy of buying OST shares after they reached a recent low and holding for 1 week showed poor performance over the past 5 years. The annualized return was -12.2%, significantly underperforming the market. This indicates that relying on recent price lows as a decision point offers little advantage in the long term.

Investor sentiment towards Ostin Technology has significantly deteriorated, as evidenced by an 863.51% increase in short interest. This surge in short selling indicates a growing bearish outlook among investors, contributing to the stock's recent downward spiral.

The company has addressed the unusual stock activity, asserting that there are no undisclosed material matters affecting the stock price. This statement aims to reassure investors and mitigate concerns about potential hidden issues driving the stock's decline.

Despite the recent volatility, the overall moving average trend for Ostin Technology remains more bullish, with 1 negative signal and 3 positive signals as of June 26, 2025. This suggests that while the stock has experienced significant short-term fluctuations, the longer-term outlook may still be favorable for some investors.