Precision Optics Corp. (NASDAQ:POCI) Short Interest Update

Precision Optics Corp. (NASDAQ:POCI) was the recipient of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 10,279 shares, a decrease of 48.6% from the January 29th total of 19,981 shares. Based on an average trading volume of 39,972 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 39,972 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Precision Optics in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Precision Optics Price Performance

Shares of POCI stock opened at $4.29 on Friday. The company has a quick ratio of 0.62, a current ratio of 1.05 and a debt-to-equity ratio of 0.11. Precision Optics has a 12-month low of $3.77 and a 12-month high of $6.04. The firm has a fifty day moving average of $4.62 and a 200-day moving average of $4.50. The firm has a market capitalization of $33.12 million, a price-to-earnings ratio of -4.66 and a beta of 0.32.

Precision Optics (NASDAQ:POCI) last announced its quarterly earnings results on Tuesday, February 17th. The company reported ($0.23) earnings per share for the quarter. The company had revenue of $7.37 million during the quarter. Precision Optics had a negative net margin of 28.33% and a negative return on equity of 60.56%.

Hedge Funds Weigh In On Precision Optics

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in shares of Precision Optics during the 4th quarter worth about $48,000. Citadel Advisors LLC bought a new position in Precision Optics in the 3rd quarter valued at about $49,000. DRW Securities LLC acquired a new stake in Precision Optics during the fourth quarter worth approximately $94,000. Geode Capital Management LLC lifted its position in Precision Optics by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 58,436 shares of the company’s stock worth $245,000 after acquiring an additional 1,926 shares during the last quarter. Finally, WealthTrust Axiom LLC boosted its holdings in shares of Precision Optics by 2.7% during the fourth quarter. WealthTrust Axiom LLC now owns 231,808 shares of the company’s stock worth $970,000 after acquiring an additional 6,158 shares during the period. Institutional investors and hedge funds own 13.71% of the company’s stock.

Precision Optics Company Profile

Precision Optics Corporation, Inc designs, develops, manufactures, and sells specialized optical and illumination systems and related components primarily in the United States and the European Economic Area. It offers medical instrumentation products, including endoscopes and endocouplers, as well as other custom imaging and illumination products, such as Microprecision lenses and micro medical cameras, and 3D endoscopes for use in minimally invasive surgical procedures by hospitals and physicians.