Lightwave Logic Inc. (NASDAQ:LWLG) Short Interest Update

Lightwave Logic Inc. (NASDAQ:LWLG) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 12,736,724 shares, a growth of 20.1% from the January 29th total of 10,608,831 shares. Based on an average daily trading volume, of 1,698,336 shares, the days-to-cover ratio is currently 7.5 days. Currently, 9.9% of the company’s shares are short sold. Currently, 9.9% of the company’s shares are short sold. Based on an average daily trading volume, of 1,698,336 shares, the days-to-cover ratio is currently 7.5 days.

Lightwave Logic Stock Performance

Shares of LWLG opened at $4.39 on Friday. The firm has a market cap of $587.21 million, a P/E ratio of -24.39 and a beta of 3.02. Lightwave Logic has a twelve month low of $0.79 and a twelve month high of $6.26. The firm’s 50 day moving average price is $3.87 and its two-hundred day moving average price is $4.01.

Insider Transactions at Lightwave Logic

In other news, Director Laila Partridge sold 10,000 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $3.72, for a total transaction of $37,200.00. Following the completion of the transaction, the director directly owned 63,963 shares in the company, valued at approximately $237,942.36. The trade was a 13.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Siraj Nour El-Ahmadi sold 25,591 shares of the stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $3.48, for a total transaction of $89,056.68. Following the completion of the sale, the director owned 123,944 shares in the company, valued at $431,325.12. This represents a 17.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.20% of the stock is currently owned by company insiders.

Institutional Trading of Lightwave Logic

A number of institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in shares of Lightwave Logic by 50.1% during the fourth quarter. Farther Finance Advisors LLC now owns 9,155 shares of the company’s stock worth $30,000 after buying an additional 3,055 shares in the last quarter. Jefferies Financial Group Inc. boosted its position in Lightwave Logic by 11.1% during the 4th quarter. Jefferies Financial Group Inc. now owns 38,765 shares of the company’s stock worth $126,000 after acquiring an additional 3,865 shares during the last quarter. Greenspring Advisors LLC boosted its position in Lightwave Logic by 7.5% during the 4th quarter. Greenspring Advisors LLC now owns 71,725 shares of the company’s stock worth $232,000 after acquiring an additional 5,000 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of Lightwave Logic by 14.0% in the second quarter. Osaic Holdings Inc. now owns 59,392 shares of the company’s stock valued at $74,000 after purchasing an additional 7,282 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in shares of Lightwave Logic by 1.0% in the fourth quarter. LPL Financial LLC now owns 779,226 shares of the company’s stock valued at $2,525,000 after purchasing an additional 7,870 shares during the last quarter. 27.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lightwave Logic in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

About Lightwave Logic

Lightwave Logic, Inc (NASDAQ: LWLG) is a U.S.-based photonics company focused on the development and commercialization of proprietary electro‐optic polymer materials and devices for high-speed optical communications. The company’s core technology platform centers on organic electro-optic polymers that offer low drive voltage, high modulation bandwidth and integration flexibility, enabling next-generation optical interconnects for data centers, telecommunications and emerging photonic computing architectures.

Lightwave Logic’s product pipeline includes modulators, waveguides and integrated photonic components designed to outperform traditional lithium-niobate and silicon-based solutions in terms of size, power consumption and ease of integration.