Optical Cable Co. (NASDAQ:OCC – Get Rating) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 12,800 shares, a growth of 276.5% from the March 31st total of 3,400 shares. Based on an average daily volume of 14,400 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.3% of the shares of the stock are short sold.
An institutional investor recently raised its position in Optical Cable stock. Renaissance Technologies LLC boosted its holdings in shares of Optical Cable Co. (NASDAQ:OCC – Get Rating) by 11.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 147,903 shares of the communications equipment provider’s stock after purchasing an additional 15,500 shares during the quarter. Renaissance Technologies LLC owned about 1.95% of Optical Cable worth $553,000 at the end of the most recent quarter. 11.70% of the stock is currently owned by institutional investors.
Shares of OCC opened at $3.90 on Thursday. The business’s 50 day moving average is $4.38 and its 200 day moving average is $4.50. The company has a market capitalization of $30.62 million, a PE ratio of 3.75 and a beta of 0.59. Optical Cable has a 12-month low of $3.15 and a 12-month high of $6.84. The company has a current ratio of 4.26, a quick ratio of 1.64 and a debt-to-equity ratio of 0.47.
Optical Cable Company Profile (Get Rating)
Optical Cable Corporation, together with its subsidiaries, manufactures and sells fiber optic and copper data communications cabling and connectivity solutions primarily for the enterprise market in the United States and internationally. The company provides fiber optic and hybrid cables for high bandwidth transmission of data, video, and voice communications; and copper datacom cables, including unshielded and shielded twisted pair constructions.
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