Short Interest in Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Grows By 168.7%

Syntec Optics Holdings, Inc. (NASDAQ:OPTX) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 89,200 shares, a growth of 168.7% from the October 15th total of 33,200 shares. Approximately 1.5% of the company’s shares are sold short. Based on an average trading volume of 48,800 shares, the short-interest ratio is presently 1.8 days.

Syntec Optics Stock Performance

Shares of Syntec Optics stock traded down $0.47 on Friday, hitting $1.04. 304,557 shares of the company’s stock traded hands, compared to its average volume of 202,918. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 1.35. Syntec Optics has a one year low of $0.95 and a one year high of $10.43. The firm’s 50-day moving average price is $1.34 and its two-hundred day moving average price is $1.96.

Syntec Optics (NASDAQ:OPTX) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $7.01 million during the quarter.

Syntec Optics Company Profile

Syntec Optics Holdings, Inc manufactures and supplies integrated optics for biomedical, defense and military, consumer, and other applications. It offers camera modules; tool design, design for manufacturing, optical and opto-mechanical design, and moldflow analysis; SPDT optics, such as freedom optics, microlens arrays, spheres and aspheres, diffractives, SPDT materials, and optical tooling; replicative molding, that includes polymer and glass molding, and molded production materials; thin film coating and coating curve materials; and precision machining and precision machining materials.