Inrad Optics, Inc. (OTCMKTS:INRD) Short Interest Down 8.3% in March

Inrad Optics, Inc. (OTCMKTS:INRD) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 2,200 shares, a drop of 8.3% from the March 15th total of 2,400 shares. Based on an average trading volume of 5,400 shares, the short-interest ratio is presently 0.4 days.

Inrad Optics Price Performance

INRD stock opened at $1.07 on Wednesday. The company has a quick ratio of 2.29, a current ratio of 3.67 and a debt-to-equity ratio of 0.42. Inrad Optics has a fifty-two week low of $0.45 and a fifty-two week high of $1.73. The firm’s 50-day simple moving average is $1.29 and its 200 day simple moving average is $1.31. The stock has a market cap of $15.25 million, a PE ratio of 6.69 and a beta of -0.32.

Inrad Optics (OTCMKTS:INRD) last released its quarterly earnings data on Thursday, March 28th. The company reported $0.07 earnings per share for the quarter. The business had revenue of $2.97 million for the quarter. Inrad Optics had a net margin of 20.67% and a return on equity of 52.37%.

About Inrad Optics

Inrad Optics, Inc, together with its subsidiaries, develops, manufactures, and markets glass, crystal, and metal based optical components, and sub-assemblies. It offers UV-IR optics and assemblies, such as precision custom optics and thin film optical coatings; glass and single crystal substrates; and deposit optical thin films, and assemble sub-components used in advanced photonic systems.