Short Interest in Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Expands By 430.9%

Syntec Optics Holdings, Inc. (NASDAQ:OPTX) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 1,473,434 shares, a growth of 430.9% from the January 15th total of 277,533 shares. Currently, 4.0% of the company’s stock are sold short. Based on an average trading volume of 1,603,232 shares, the days-to-cover ratio is currently 0.9 days. Based on an average trading volume of 1,603,232 shares, the days-to-cover ratio is currently 0.9 days. Currently, 4.0% of the company’s stock are sold short.

Syntec Optics Stock Performance

Shares of OPTX stock opened at $7.33 on Wednesday. The company’s fifty day moving average price is $3.80 and its two-hundred day moving average price is $2.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.22 and a quick ratio of 0.56. The firm has a market capitalization of $270.62 million, a P/E ratio of -91.63 and a beta of -1.06. Syntec Optics has a 12 month low of $1.02 and a 12 month high of $9.15.

Syntec Optics (NASDAQ:OPTX) last announced its earnings results on Friday, November 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $6.95 million for the quarter. Syntec Optics had a negative return on equity of 27.66% and a negative net margin of 10.71%.

Institutional Trading of Syntec Optics

An institutional investor recently bought a new position in Syntec Optics stock. Magnus Financial Group LLC purchased a new position in Syntec Optics Holdings, Inc. (NASDAQ:OPTX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,444 shares of the company’s stock, valued at approximately $36,000.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wall Street Zen raised Syntec Optics from a “sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Syntec Optics in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Syntec Optics

Syntec Optics, Inc operates as a photonics company specializing in the design, development and manufacturing of precision optical components and subsystems. Its core offerings include thin-film filters, dichroic beamsplitters, anti-reflection coated lenses and custom optical assemblies. The company leverages proprietary coating technologies to deliver high-performance imaging solutions and spectral filters for visible, infrared and multispectral applications.

In addition to standard catalog products, Syntec Optics provides custom engineering services tailored to meet the specifications of customers in aerospace and defense, industrial automation, environmental sensing and life-sciences markets.