Laser Photonics Co. (NASDAQ:LASE) Short Interest Down 27.5% in August

Laser Photonics Co. (NASDAQ:LASE) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 559,600 shares, a decline of 27.5% from the August 15th total of 771,900 shares. Based on an average trading volume of 2,960,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 10.3% of the company’s stock are sold short. Currently, 10.3% of the company’s stock are sold short. Based on an average trading volume of 2,960,000 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Laser Photonics

An institutional investor recently raised its position in Laser Photonics stock. Jones Financial Companies Lllp boosted its position in Laser Photonics Co. (NASDAQ:LASE) by 7,350.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 149,017 shares of the company’s stock after purchasing an additional 147,017 shares during the period. Jones Financial Companies Lllp owned approximately 1.08% of Laser Photonics worth $457,000 as of its most recent SEC filing. 1.90% of the stock is owned by hedge funds and other institutional investors.

Laser Photonics Stock Down 5.8%

Shares of Laser Photonics stock opened at $2.44 on Tuesday. The firm has a market cap of $34.83 million, a P/E ratio of -8.13 and a beta of 3.24. Laser Photonics has a fifty-two week low of $1.71 and a fifty-two week high of $19.80. The business has a 50-day moving average price of $3.11 and a 200 day moving average price of $2.90.

Laser Photonics (NASDAQ:LASE) last announced its quarterly earnings data on Friday, August 15th. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $2.60 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Laser Photonics from a “hold” rating to a “sell” rating in a research report on Saturday.

Laser Photonics Company Profile

Laser Photonics Corporation provides integrated laser blasting solutions for corrosion control, rust removal, de-coating, pre- and post-welding, laser cleaning, and surface conditioning in the Americas, Europe, Asia, the Middle East, and North Africa. It offers laser cleaning systems, such as CleanTech Titan FX for cleaning, rust removal, and surface conditioning; CleanTech Titan Express, a high-power fiber laser for cleaning and surface conditioning; CleanTech MegaCenter, an industrial-grade laser parts cleaning, rust removal, and surface conditioning system; CleanTech Handheld LPC-50-CTHD, an entry-level dual axis laser cleaning and surface treatment system; CleanTech Handheld LPC-100-CTHD, an air-cooled pulsed laser systems; CleanTech Handheld LPC-200-CTHD for cleaning rust, remove paints, and other coatings; CleanTech Handheld LPC-300-CTHD, a air-cooled laser system; CleanTech Handheld LPC-1000-CTHS, a single axis laser cleaning and surface treatment system; CleanTech Handheld LPC-1000-CTHD, a portable handheld roughing laser cleaner; CleanTech Handheld-1500-CTHS, an handheld laser cleaning, roughing, and surface preparation system; CleanTech Handheld-1500-CTHD, a dual axis fiber laser system; CleanTech Handheld LPC-2000-CTHD for cleaning rust and remove coatings; CleanTech LPC-3000-CTHD for cleaning and removing rust, corrosion, and other materials; CleanTech Laser Blaster Cabinet, a laser cleaning machine; CleanTech Robotic Cell Enclosure, an AI-capable laser cleaning system that eliminates the concerns over human hazard and eye safety; CleanTech EZ- Rider, a laser cleaning tool; and CleanTech Robot, an industrial robotic laser cleaning system.