Optex Systems Holdings Inc. (NASDAQ:OPXS) Short Interest Up 43.7% in January

Optex Systems Holdings Inc. (NASDAQ:OPXS) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 63,709 shares, an increase of 43.7% from the December 31st total of 44,349 shares. Based on an average daily volume of 73,720 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.3% of the company’s shares are short sold. Approximately 1.3% of the company’s shares are short sold. Based on an average daily volume of 73,720 shares, the days-to-cover ratio is presently 0.9 days.

Optex Systems Stock Up 2.5%

Shares of NASDAQ OPXS opened at $15.31 on Tuesday. Optex Systems has a 52 week low of $5.36 and a 52 week high of $17.76. The stock has a market capitalization of $106.21 million, a price-to-earnings ratio of 20.41 and a beta of 0.64. The firm has a 50-day simple moving average of $14.47 and a 200-day simple moving average of $13.72.

Insider Buying and Selling

In other news, Director Danny Robert Schoening sold 34,147 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $13.87, for a total value of $473,618.89. Following the completion of the sale, the director owned 873,161 shares of the company’s stock, valued at approximately $12,110,743.07. This represents a 3.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders sold 110,578 shares of company stock worth $1,510,898. Company insiders own 27.70% of the company’s stock.

Institutional Investors Weigh In On Optex Systems

A number of hedge funds and other institutional investors have recently modified their holdings of OPXS. Vanguard Group Inc. increased its holdings in Optex Systems by 1.3% in the third quarter. Vanguard Group Inc. now owns 158,087 shares of the company’s stock valued at $2,038,000 after buying an additional 1,975 shares in the last quarter. Wasatch Advisors LP purchased a new stake in Optex Systems during the third quarter valued at about $1,285,000. Marshall Wace LLP purchased a new stake in Optex Systems during the second quarter worth approximately $604,000. Ameriprise Financial Inc. grew its stake in shares of Optex Systems by 78.6% in the third quarter. Ameriprise Financial Inc. now owns 47,243 shares of the company’s stock valued at $609,000 after buying an additional 20,793 shares in the last quarter. Finally, Ritholtz Wealth Management grew its holdings in Optex Systems by 108.6% during the 4th quarter. Ritholtz Wealth Management now owns 46,740 shares of the company’s stock valued at $663,000 after purchasing an additional 24,332 shares in the last quarter. 19.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on OPXS. Wall Street Zen downgraded shares of Optex Systems from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Weiss Ratings upgraded Optex Systems from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. One analyst has rated the stock with a Buy rating, According to MarketBeat, Optex Systems has a consensus rating of “Buy”.

About Optex Systems

Optex Systems Holdings, Inc (NASDAQ: OPXS) is a technology company specializing in infrared sensing systems for defense and homeland security applications. The company engineers, designs and manufactures electro-optical and infrared (EO/IR) payloads and sensors used across a range of surveillance and targeting platforms. Its core focus areas include mission-critical solutions for unmanned aerial vehicles (UAVs), rotary- and fixed-wing aircraft, and ground-based observation systems.

Optex Systems’ product portfolio consists of high-resolution thermal imaging cameras, infrared seekers, laser designators and multispectral platforms.