LightPath Technologies, Inc. (NASDAQ:LPTH) Short Interest Update

LightPath Technologies, Inc. (NASDAQ:LPTH) saw a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 2,775,694 shares, an increase of 31.0% from the January 15th total of 2,118,428 shares. Currently, 8.1% of the company’s shares are sold short. Based on an average trading volume of 3,839,194 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 3,839,194 shares, the days-to-cover ratio is presently 0.7 days. Currently, 8.1% of the company’s shares are sold short.

Insider Buying and Selling

In other news, Director Run Strategic Opportunit North sold 770,321 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $11.72, for a total transaction of $9,028,162.12. Following the completion of the transaction, the director directly owned 2,728,968 shares in the company, valued at approximately $31,983,504.96. This represents a 22.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 24.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On LightPath Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jefferies Financial Group Inc. increased its stake in shares of LightPath Technologies by 45.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 16,623 shares of the technology company’s stock worth $180,000 after buying an additional 5,223 shares during the period. Thompson Davis & CO. Inc. grew its holdings in LightPath Technologies by 11.8% during the 4th quarter. Thompson Davis & CO. Inc. now owns 63,600 shares of the technology company’s stock worth $687,000 after acquiring an additional 6,691 shares in the last quarter. OMERS ADMINISTRATION Corp increased its position in shares of LightPath Technologies by 41.3% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 28,400 shares of the technology company’s stock valued at $307,000 after purchasing an additional 8,300 shares during the last quarter. Lake Street Private Wealth LLC acquired a new stake in shares of LightPath Technologies in the 4th quarter valued at $108,000. Finally, Occudo Quantitative Strategies LP purchased a new stake in shares of LightPath Technologies during the 3rd quarter worth $82,000. Hedge funds and other institutional investors own 56.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on LPTH. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LightPath Technologies in a research report on Thursday, January 22nd. HC Wainwright upped their price objective on shares of LightPath Technologies from $10.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Wall Street Zen upgraded shares of LightPath Technologies from a “sell” rating to a “hold” rating in a report on Saturday. LADENBURG THALM/SH SH upgraded LightPath Technologies to a “strong-buy” rating in a research note on Thursday, December 18th. Finally, Lake Street Capital raised their price target on LightPath Technologies from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.10.

LightPath Technologies Price Performance

LightPath Technologies stock opened at $11.18 on Wednesday. The company has a quick ratio of 3.42, a current ratio of 3.97 and a debt-to-equity ratio of 0.01. LightPath Technologies has a 52-week low of $1.61 and a 52-week high of $15.24. The firm has a market cap of $645.20 million, a PE ratio of -21.50 and a beta of 0.97. The company’s 50 day moving average is $10.70 and its two-hundred day moving average is $8.10.

About LightPath Technologies

LightPath Technologies, Inc designs, manufactures and distributes precision optical components and assemblies for a variety of commercial, industrial, defense and scientific applications. The company’s portfolio includes molded glass aspheric lenses, precision glass optics, infrared lenses and assemblies, diamond-turned optics and molded polymer optics. These components are engineered to support imaging, illumination, laser delivery, detection and sensing systems across visible, ultraviolet and infrared wavelengths.

Among its core offerings, LightPath develops infrared optical solutions using materials such as germanium, zinc selenide and chalcogenide glasses for thermal imaging, night-vision devices and spectroscopy.